In line with the ambitions of both partner companies, the commercial partnership aim is to reach a 20% penetration rate[1] for all vehicles sold in the Netherlands by 2020. All automotive financing offers will be marketed under Mitsubishi Motors Financial Services, while services will be diffused by RCI Financial Services. Both private and corporate customers of Mitsubishi Motors will be provided with automotive financing, long-term leases as well as additional services (vehicle insurance or maintenance contracts).
The announcement of the partnerships represents the first such agreement in providing financial service synergies between Mitsubishi Motors and Groupe Renault since Mitsubishi Motors joined the Renault-Nissan Alliance. This also marks the expansion of MMFS into Europe together with Groupe Renault following successful partnerships with Nissan in launching vehicle financing services for customers in Australia, New Zealand, Canada, and Thailand.
Commenting on the launch of this new partnership in the Netherlands, Koji Ikeya, Chief Financial Officer of Mitsubishi Motors, stated: “Expanding our offering of compelling vehicles and integrated financial services into Europe is critical to building the trust and loyalty of our customers around the world, which together will also play an increasingly important role in achieving Mitsubishi Motors' growth goals.”
“RCI Bank and Services aims to facilitate access to automotive mobility for the customers of the Alliance brands. We are ready to help Mitsubishi Motors advance its business interests in the Netherlands,” said Gianluca De Ficchy, Chief Executive Officer of RCI Bank and Services.
[1] Number of new Mitsubishi vehicle financing contracts/number of new Mitsubishi vehicles registered
About RCI Banque S.A.
Created and wholly owned by Groupe Renault, RCI Banque S.A. is a French bank specializing in automotive financing and services for Groupe Renault customers and dealer networks (Renault, Renault Samsung Motors and Dacia) throughout the world, for the Nissan Group (Nissan, Infiniti and Datsun), mainly in Europe, Brazil, South Korea and in the form of joint-ventures in Russia and India and Mitsubishi Motors in the Netherlands.
RCI Bank and Services is the new commercial identity of RCI Banque as of February 2016.
With over 3,300 employees in 36 countries, RCI Bank and Services financed over 1.56 million contracts (new and used vehicles) in 2016 and sold more than 3.4 million services.
APAs totaled €33.3 billion in financing at end-December 2016, and pre-tax income was €912 million at end-December 2016.
Since 2012, RCI Bank and Services has been collecting retail deposits in four countries. At end-December 2016, the net amount of deposits collected came to €12.6 billion, or 33% of the company’s assets.
Find out more about RCI Bank and Services at www.rcibs.com
About Mitsubishi Motors Corporation
Mitsubishi Motors is a Japanese automobile company which has a competitive edge in light trucks (pickup trucks and SUVs) and in the ASEAN region. The company launched the first mass-produced electric vehicle in 2009, which was followed with a plug-in hybrid EV-based SUV in 2013. Mitsubishi Motors, which has 30,000 employees, has a global footprint and has production facilities in Japan, Thailand, China, The Philippines, Indonesia and Russia. Models such as the Outlander, Pajero Sport/Montero Sport and Triton/L200 play a major role in achieving its growth. Global sales volume in fiscal year 2016 was 926,000 units. Mitsubishi Motors’ net sales for fiscal year 2016 were 1.9 trillion yen.
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