Volkswagen Bank GmbH successfully securitized over €500 million of Italian auto loans in its debut ABS transaction, targeting diversified refinancing in the growing automotive market.
Target Information
The Volkswagen Bank GmbH has recently achieved a significant milestone by securitizing its first batch of Italian auto loans. This transaction, known as Driver Italia one, focuses exclusively on receivables from the Italian branch of Volkswagen Bank GmbH and boasts a substantial volume exceeding €500 million. Volkswagen's financial services in Italy have exhibited strong growth, with an impressive increase in the number of contracts, reaching approximately 730,000 contracts in the last financial year.
Industry Overview in Italy
The automotive industry in Italy remains a critical segment within the European market, characterized by its robust vehicle sales and financing growth. Over recent years, the demand for vehicles, both new and used, has seen a positive trend, giving rise to a thriving market for auto loans. As a result, financial institutions are increasingly leveraging this momentum by offering various financing solutions tailored for both individual consumers and auto dealers.
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The Italian automotive financing market has witnessed a steady rise, driven by improved economic conditions and consumer sentiment. With an expanding portfolio of financin
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Volkswagen Bank GmbH
invested in
Driver Italia one
in 2018
in a Other deal
Disclosed details
Transaction Size: $581M