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Big bang on the long-term car rental market

2021-12-17T19:06:23.918Z


Stellantis will join forces with Crédit Agricole in this very promising activity. The Green Bank was lagging behind.


Almost a year after its creation, Stellantis is showing its great ambitions in automotive financing.

The group born from the merger of PSA and Fiat Chrysler announced on Friday that it had entered into

"exclusive negotiations"

with its banking partners - BNP Paribas Personal Finance (PF), Crédit agricole Consumer Finance (CACF) and Santander Consumer Finance (SCF) for develop the alliances inherited from the complex history of this young group.

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The manufacturer will especially join forces with Crédit Agricole in long-term car rental (LLD).

To increase efficiency, it will merge the two brands it owns in this sector (Leasys and Free2Move Lease) and the new company will be owned equally with the Green Bank.

The two players aim to make it a

“European leader in long-term car rental”

with a fleet of more than 1 million vehicles by the end of 2026.

So far very little present in the car leasing niche, Crédit Agricole will therefore…

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Source: lefigaro

All business articles on 2021-12-17

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