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Volkswagen Group’s financial results reveal its Financial Services Division’s operating profit fell a third below the previous year’s profit due to the normalisation of used car prices. Although the division contributed €3.8 billion to the Group result, used car values impacted profit. In 2021 and 2022 the residual values of used cars rose as a result of semiconductor-related shortages of ...
Read More »Falling used car values hit profits at Volkswagen Financial Services
