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Volkswagen is Picking up the Pace of its Business Model 2.0 & Offering Car Subscriptions

Volkswagen is picking up the pace of its Business Model 2.0 and offering car subscriptions from today

  • Volkswagen Board Member for Sales Klaus Zellmer: “Even greater flexibility for our customers and an important milestone in Business Model 2.0”
  • Volkswagen AutoAbo: more than 2,000 ID.301 and ID.402 cars available in a subscription model in Germany
  • Transformation from car manufacturer to mobility services provider: by 2030, around 20 percent of revenue could come from subscriptions and other mobility offerings
  • In addition, online leasing and sales to launch in Germany by year end
  • Dealers will be incorporated into digital sales channels and subscriptions

Volkswagen is making rapid progress in digitalising its sales activities and developing new business models. Today sees the launch of the Volkswagen AutoAbo subscription model in Germany. Customers can take out a monthly subscription for the best-selling all-electric ID.3 and ID.4 models – the ID.3 costs from EUR 499. “This will enable us to achieve a key milestone in our Business Model 2.0. As part of our ACCELERATE strategy, we are continuing our rapid and systematic transformation from car manufacturer to mobility services provider,” explains Klaus Zellmer, Board Member for Sales and Marketing at Volkswagen. In addition, Volkswagen will be launching its online leasing and sales offerings in Germany toward the end of 2021. Initially, to sell models from the ID. family, but the platform will later be made available to dealers to offer combustion engine and hybrid vehicles as well.

“A growing number of people don’t want to own a vehicle permanently, but would like the exclusive use of one for a defined period. The Volkswagen AutoAbo is a flexible new subscription offering that is mid-way between leasing and car sharing,” says Zellmer. “We estimate that, by 2030, around 20 percent of our revenue could come from subscriptions and other short-term mobility offerings.”

In the months ahead, Volkswagen will be making more than 2,000 nearly-new used cars available via AutoAbo, creating one of the largest such subscription models in Germany. Customers can choose between the ID.3 and ID.4, so all-electric vehicles only. Volkswagen is thus marking a further milestone on its Way to Zero and extending its sustainable mobility offering for everyone. The subscription model has been devised in conjunction with Volkswagen Financial Services, which is the Group development centre for car subscription models.

Dealers to be fully involved

Images courtesy of Volkswagen
 
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