Automotive banks

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Automotive Industry Banks (BDA)
Seat Cologne, Germany
speaker Christian Ruben (Toyota Kreditbank GmbH, Toyota Leasing GmbH)
Anthony Bandmann (Volkswagen Leasing GmbH)
Branch Automobile financial services

The banks of the automotive industry (BDA) was the amalgamation of manufacturer-affiliated banks and leasing companies in Germany. There were up to thirteen working committees on business, tax and legal market issues. In addition, public relations work was carried out for the automotive financial services of the manufacturer banks. It was founded in 1984 and is legally represented by BDA Service GmbH . The institutes represented included up to 36 automobile brands. Until 2016, the industry association operated as the "Working Group of Banks and Leasing Companies in the Automotive Industry (AKA)." At the end of 2019, it was dissolved.

Business results

Today around 75 percent of all new car registrations in Germany are put on the road via leasing and financing models. This corresponds to an annual loan volume of around 60 billion euros. The market share of the manufacturer-affiliated financial services companies in Germany is around two thirds in the new vehicle and around 50 percent in the used vehicle sector. The members describe themselves as market leaders for automotive financial services in Germany. The manufacturer-affiliated car banks financed and leased over 1.65 million new vehicles worth around 44.65 billion euros in the 2017 financial year. According to the BDA, this corresponds to an increase in value of 8 percent compared to the previous year. In business with commercial customers and companies, the automotive banks achieved over 853,000 new contracts worth 26.8 billion euros in 2017, an increase of 6 percent. In the private customer business, there were around 797,000 new contracts worth 17.9 billion euros, 9 percent more than in the previous year. In total, the volume of all leasing and financing contracts on the books of the automotive banks at the end of 2016 was 113 billion euros.

Mobility packages

In 2006, the members introduced “mobility packages” (also known as “service packages”). These are leasing or financing contracts that include additional services and insurance such as vehicle insurance , maintenance and repair services, extended warranties and credit protection. A total of 2.99 million service contracts were concluded in 2017. Today the mobility packages, v. a. Due to integrated maintenance and repair services or an included extended warranty, more popular with car customers than discounts on the purchase price.

Members

literature

  • W. Diez, H. Brachat (ed.): Fundamentals of the automobile industry. 2nd completely revised and expanded edition. Ottobrunn b. Munich 2001, ISBN 3-89059-099-3
  • Alexander Kolb: Sales financing in the automotive industry and in retail in Germany. Frankfurt / M. 1991, ISBN 3-631-44338-2
  • Joachim Lorenz: Competitive Strategies for Financial Service Providers in the Automotive Industry Verlag Peter Lang, Frankfurt / M. 2001, ISBN 3-631-36705-8
  • Horst Berger: Paradigm shift in the vehicle sales system through online communication with financial service providers. In: H. Malland, W. Meinig: Shaping structural change! Framework conditions and future prospects for automobile manufacturers, importers, suppliers and retailers . FAW Verlag, Bamberg 1997, pp. 311-334 ISBN 3-932853-00-8
  • Hagen Krämer: Automobile financial services as a case study for successful product-related services. In: Peter Kalmbach et al .: The interdependence of industry and services. On the dynamics of a complex network of relationships . Edition Sigmar, May 2005, ISBN 3-89404-527-2
  • Frank Stenner (Ed.): Handbook Automobile Banks - Financial Services for Mobility . Berlin 2009, ISBN 978-3-642-01581-6

Individual evidence

  1. ^ Members list .
  2. ↑ Press release of January 5, 2017 .
  3. ↑ https://www.platow.de/archiv/der-platow-brief/der-platow-brief-ausgabe-vom-08.04.2019/2019/04/05/verband-der-autobanken-%E2%80% 93-the-end-was-2018-foreseeable /
  4. ↑ BDA website / About us
  5. ↑ BDA press release of April 26, 2017 .
  6. ↑ Article mobility packages on asp autoservicepraxis.de .