Volkswagen dropping in-house U.S. auto loans, giving business to Wells Fargo

A Volkswagen dealership lot — A slide about the transition described Volkswagen Financial Services' new U.S. role as consumer marketing, borrower referrals to Wells Fargo, management and maintenance of the dealership base, and management of the brand. (GETTY)

September 16, 2024 10:03 PM

Volkswagen will cease to write U.S. Audi and VW loans through its in-house captive finance company, Volkswagen Financial Services, and instead send that business to Wells Fargo starting in April.

Featured Stories

Trump tariffs erode U.S. auto trade reputation, upend global supply chain

GM recalling some full-size pickups, SUVs for V-8 engine defect

Dealership buy-sell database updates: Details on stores trading hands across 8 states

Agency eases some self-driving safety rules, sending Tesla stock soaring

Latest News

Gentex halts China mirror sales as tariff chaos cuts revenue forecast

Agency eases some self-driving safety rules, sending Tesla stock soaring

Daily 5 report for April 25: Public gets a rare glimpse at the personal home of an automotive titan

GM recalling some full-size pickups, SUVs for V-8 engine defect

Staying current is easy with newsletters delivered straight to your inbox.

See More in Finance Insurance

0% auto loans were rarest on record during Q1, Edmunds says

Texas dealership owes Hyundai Capital nearly $15 million, lawsuit says

F&I tips: Reach out to high achievers for help, Adam Marburger says

Washington dealership group, former partner Assurant battle in court after switch in F&I providers

Staying current is easy with newsletters delivered straight to your inbox.