Daimler Financial Services reports new heights in turnover

The sale of its luxury brand, Mercedes-Benz, has been the engine for its spectacular performance.

 

Daimler Financial Services, Daimler’s finance arm, has stated it is heading for another record year having signed nearly one million new leasing and finance contracts between January and June.

Daimler Financial Services handles financing and leasing operations for the German auto manufacturer. It has disclosed it expects a significant increase in new business this year given the heavy growth of leasing and financing of the sales of its cars belonging to its Mercedes-Benz brand.

According to Daimler, business at its car financing division has surged by 19% in the first six months of this year and has touched $40.77 billion (34.7 billion euros) with its EBIDTA up by 15% to 1.05 billion.

Its portfolio of globally financed and leased vehicles have shot up by 17% to 4.6 million vehicles with the total sales value touching 134 billion euros, said the Stuttgart-based company.

It went on to add, the number of customers using its mobility services, including Car2go, a car sharing service, worldwide has more than doubled to 14.5 million people..

($1 = 0.8512 euros)

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