captives
The Q3 results for Peugeot
and Renault
have been released, and show that the captive arms of both French
manufacturers have improved their results year on year.
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Peugeot’s finance arm Banque
PSA Finance reported revenues of €498m (£349m) in Q3 2007,
compared with €444m (£311m) in Q3 2006 – a rise of 12.2 per cent.
Outstandings as of September 30 2007 rose to €23.2bn (£16.2bn), up
4 per cent on a year ago. Originations grew 2.9 per cent to 638,500
contracts.
The penetration level was broadly flat at 25.5 per cent, down
slightly from 25.8 per cent a year ago.
In total, Banque PSA Finance raked in revenues of €1.47bn
(£1.03bn) in the nine months to September 30 2007, up 13 per cent
year on year from €1.3bn (£913m) as of September 30 2006.
Renault’s captive finance house, RCI
Banque, meanwhile, grew its contribution to group revenues by
14.8 per cent in Q3 2007 compared with Q3 2006.
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By GlobalDataSales financing added €1.53bn (£1.07bn) to Renault group
revenues in the nine months to end-September 2007, up 5.4 per cent
on the first nine months of 2006, which “can be attributed chiefly
to higher income from interest and services,” Renault said.
