Peugeot: OVF starts business in Spain
(CercleFinance.com) - Opel Vauxhall Finance, the automotive finance organisation of Opel and Vauxhall, has started its operations in Spain.
Backed by Banque PSA Finance and BNP Paribas Personal Finance, OVF will offer automotive financing products as well as mobility solutions to Spanish clients.
"The organisation aims to finance every third Opel vehicle across Europe by 2020 and to expand its geographical footprint to 90 percent of Opel/Vauxhall's European markets in the long-term," the group said.
"Spain is a key market for Opel and one of the fastest-growing automotive markets in Europe. In 2017, new car registration increased by 7.7% compared to 2016. Opel has the fifth position in the Spanish sales ranking - with 6.59% of the market and 94,609 registered vehicles," the group added.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Backed by Banque PSA Finance and BNP Paribas Personal Finance, OVF will offer automotive financing products as well as mobility solutions to Spanish clients.
"The organisation aims to finance every third Opel vehicle across Europe by 2020 and to expand its geographical footprint to 90 percent of Opel/Vauxhall's European markets in the long-term," the group said.
"Spain is a key market for Opel and one of the fastest-growing automotive markets in Europe. In 2017, new car registration increased by 7.7% compared to 2016. Opel has the fifth position in the Spanish sales ranking - with 6.59% of the market and 94,609 registered vehicles," the group added.
Copyright (c) 2018 CercleFinance.com. All rights reserved.