By Sebastian Clark
Renault Finance has lent 80m (£67.3m) to Irish car buyers, less than two years after entering the market.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Renault’s captive lender entered the Irish market in the hope of taking market share from banks perceived not to be lending.
The company now has approximately 6,400 customers in Ireland and half of all Renault new cars are and vans are financed by Renault Finance, with its PCP product accounting for 25% of the company’s business.
Galle Humber, managing director of Renault Finance, said lending levels were still increasing.
"When we entered the Irish market Ireland was in deep recession and the banks were not lending," said Humber. "In our first year, we lent 37m to Irish motorists and made motor finance accessible to all."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
