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  • 2023/12/18
  • 3 min

Crédit Agricole Consumer Finance reaches the milestone of 1 million vehicles financed in Europe since the beginning of 2023

Crédit Agricole Consumer Finance has just crossed the milestone of 1 million vehicles financed in Europe since the start of 2023. A milestone which supports the Group's ambition to become a leader in green mobility in Europe by 2025.

Crédit Agricole Consumer Finance announces the financing of its millionth vehicle in Europe since the start of 2023. This figure confirms the dynamics of CA Consumer Finance in the mobility market.

The millionth vehicle, a Model Y from Tesla, manufacturer of which CA Consumer Finance is a partner in 10 countries in Europe, was financed by CA Auto Bank France as part of a rental with purchase option. It will be delivered by Hiflow, a subsidiary of CA Consumer Finance specializing in the delivery of individual vehicles, and the owner of the vehicle is offered, in partnership with Opteven, a 48-month/80,000 km maintenance contract which will cover the total duration of the leasing.

Now present in 19 countries in Europe, Crédit Agricole Consumer Finance relies on the mobility continuum that it has built to support new uses and modes of consumption in mobility.

The strategic operations carried out by the bank in 2023 – birth of Leasys, 50-50 joint venture with Stellantis and specialist in long-term rental, acquisition of Crédit Agricole Auto Bank (formerly FCA Bank) and Drivalia, a pan-European leader in automobile, rental and mobility financing, acquisition of ALD and Lease Plan activities in 6 European countries, launch of CA Mobility Services - coupled with the expertise of its historic subsidiaries (Sofinco, Sofinco Spain, Credibom, Creditplus and Agos), allow it to offer a wide catalog of financing solutions and services: amortizable credit, leasing, rental of all durations, subscription, car sharing, deliveries, insurance and assistance, etc.

« This millionth financed vehicle demonstrates the effectiveness of our model. It allows us to respond to developments in the automobile market, to encourage the energy transition of the private and professional vehicle fleet and to support the development challenges of our manufacturer, distributor and importer partners throughout Europe.» - Stéphane Priami, CEO of Crédit Agricole Consumer Finance