Loans to private and business customers from Mercedes-Benz Financial Services (MBFS) in the UK grew 24% by volume, year-on-year, in 2012.
MBFS also reported a penetration rate of 60% for passenger cars and 40% for vans, trucks and canter. In April 2012, Daimler, parent of Mercedes-Benz, claimed a worldwide penetration rate of 40%.
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In a company statement, the manufacturer congratulated its captive finance provider for "leading the way" in 2012.
The news follows the announcement this time last year by MBFS that it had doubled its finance volume between 2009 and 2011. Although this was largely on the back of growth in financing of fleet and commercial vehicles, Alex Matthews, director of commercial vehicles and direct sales, told Motor Finance MBFS, also known as CharterWay, was looking to tie itself closer to Mercedes-Benz UK.
According to latest figures from the Society of Motor Manufacturers and Traders, Mercedes-Benz registered 91,855 new vehicles in the UK in 2012, a year-on-year rise of 12.19%, while fellow Daimler brand smart registered 5,616 new sales, up 11.34%, with market share between the two now at 4.76%.
According to figures from the manufacturer, sales through franchised dealerships were up by 18% on 2011 levels and the C-Class was its best-selling passenger car of the year with 37,261 new registrations.
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By GlobalDatarichard.brown@timetric.com
