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Volvo remains loyal to Santander
The financial institution Santander and the Swedish car manufacturer Volvo are continuing their cooperation in Austria for another three years until 2027.
Volvo remains loyal to Santander
Since 2014, Santander has been offering vehicle financing to the 24 Austrian Volvo dealers and their end customers under the label “Volvo Car Financial Services”. Santander CCO Michael Schwaiger: "We have had a partnership with Volvo in Austria that is characterized by mutual trust and appreciation for over ten years now. We look forward to continuing to grow together in the next three years." Magdalena Ebmer, Head of Commercial Operations at Volvo Car Austria, shares the positive assessment: “With Santander we have had a strong partner at our side for years, with whom we can implement our high standards as a premium brand in the area of financial services as well as our ambitious growth strategy.”
Increasing share of financing
The proportion of Volvo vehicles financed through Santander has risen continuously in recent years. The most popular model is currently the Volvo EX30. The XC40 and the XC60 are also very popular with customers. In Austria, Volvo currently has a market share of 1.8 percent. Andreas Handl, Head of Cooperations & Stock Finance at Santander, sees the development positively: "We have worked intensively together on our products, offers and services in recent years and have been able to steadily increase the financing share. Compared to the previous year, we again recorded an impressive increase of 16 percent in the financing of new vehicles in 2024."