Daimler Financial Services is currently
financing or leasing more than 40% of all Daimler Group vehicles
worldwide, including the Mercedes-Benz and Smart brands, according
to global chairman Klaus Entenmann.


Entenmann told China Daily at the Beijing Auto Show
:
“There are 2.6m vehicles on the roads worldwide whose owners have
benefitted from our services” and was convinced the contract volume
written by Daimler Financial Services would grow further in the
next few years.

Daimler Financial Services achieved new
records in contract volume, new business and pre-tax, pre-interest
earnings in 2011, a year that Entenmann describes as an “all-time
high of global automotive sales”.

The positive analysis follows news that
Mercedes-Benz Financial Services has doubled its vehicle financing
since 2009 in the UK, and has achieved a penetration rate of 49.5%
for the Mercedes-Benz A-Class range.

Talking of the opportunities in Asia,
Entenmann said Daimler “plans to sell over 300,000 passenger cars
in China in 2015, and Daimler Financial Services will support these
efforts.”

An interview with Alex Matthews, director of commercial
vehicles and direct sales at Mercedes-Benz Financial Services, will
be published in
May’s issue of

Motor Finance

magazine
.

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By GlobalData

richard.brown@vrlfinancialnews.com