Crédit Agricole Mobility Services: 3rd strategic pillar of Crédit Agricole Consumer Finance to become the leader in green mobility in Europe

· Following the creation of a comprehensive leasing offer via Leasys, a pan-European leader in long-term leasing co-owned 50-50 with Stellantis, the expansion of our geographical footprint with the 100% acquisition of Auto Bank and its subsidiary Drivalia to make it a pan-European leader in car finance, leasing and mobility, Consumer Finance is developing a comprehensive and ambitious service offer that it will distribute under the Crédit Agricole Mobility Services brand. This new strategic pillar is a powerful lever for development.
· By 2026, more than 20 automotive services can be offered to its various customers via all the Group’s European entities.
· Crédit Agricole Consumer Finance has reached an agreement with Opteven on a draft strategic agreement to distribute to all its customers a European offer of extended warranty and maintenance contract.
· Crédit Agricole Consumer Finance announces the acquisition of a stake in Hiflow, a leader in unit delivery of vehicles, and becomes the majority shareholder.
· On September 12, 2023, in Fayence (83), Crédit Agricole Consumer Finance will inaugurate Agilauto Partage, a vehicle-sharing solution, first launched in rural areas for individuals, and which will also be offered in businesses.

Services: the new part of Crédit Agricole Consumer Finance’s pan-European automotive strategy

With the launch of a range of services dedicated to mobility on a European scale, Crédit Agricole Consumer Finance is relying on a new strategic pillar to serve its ambition to be a leader in green mobility in Europe. 

The service catalogue will support and complement the leasing financing solutions already proposed by the Group:
•Auto Bank in 19 European countries;
•Drivalia in 15 European countries;
•Agilauto in France;
•And Leasys in 10 European countries.

This service-orientated strategic pillar will be a lever for customer satisfaction, a tool to strengthen partnerships with manufacturers, dealers, etc., and a source of financial profitability.

By 2026, more than 20 automotive services will be offered

Consumer Finance plans to enter into various partnerships with automotive services companies to develop by 2026 a complete range of services dedicated to mobility and which will address the needs of all customer profiles in Europe.

Seven service divisions will eventually form Crédit Agricole Mobility Services’ catalogue: guarantees, deliveries, vehicle sharing, insurance, financing, electric vehicle charges and fleet management.

Crédit Agricole Consumer Finance creates a joint venture with Opteven

Crédit Agricole Consumer Finance and Opteven, an expert in guarantees and services adapted to mobility, have agreed on a draft strategic agreement that would be supplemented by the creation of a 50-50 joint venture between the two companies.

This new structure would allow Consumer Finance to offer an extended warranty and maintenance contract offer, developed by Opteven, to its individual and professional customers in Europe.

The partnership could be active in the 9 countries currently covered by Opteven, and then gradually extended to other countries where Crédit Agricole Consumer Finance develops its activities. 

Crédit Agricole Consumer Finance becomes majority shareholder in Hiflow

Crédit Agricole Consumer Finance announces a stake in Hiflow and thus becomes the majority shareholder. This acquisition is accompanied by a cooperation agreement with the founders of Hiflow who retain their shares and functions within the company.

In a rapidly changing automotive market, where the end user will become more and more central, local services, at home, become a key link. Within Crédit Agricole Mobility Services, Hiflow will thus operate the Deliveries dimension. The ambition is to strengthen the offer and continue the development of the leader in unit delivery in 10 countries in Europe by 2026.

Agilauto Partage, an electric car-sharing solution for rural residents and business fleets

The rural electric car-sharing service will be launched in the Pays de Fayence region on 12 September and will be gradually rolled out to other local authorities with the support of Crédit Agricole’s regional banks. Initially dedicated to individuals, associations and small businesses in rural areas, the Agilauto Partage service will also be offered to companies, whatever their size, who wish to optimise their car fleet and provide their employees with a shared mobility service during and outside office hours.

Press service de Crédit Agricole Consumer Finance : Claire Garcia – +33 (0)1 87 38 11 81 – presse@ca-cf.fr

About Crédit Agricole Consumer Finance
Crédit Agricole Consumer Finance, a subsidiary of the Crédit Agricole Group, specialises in retail finance and provides access to all mobility solutions in Europe. It distributes a wide range of financing solutions – depreciable credit, revolving credit, leasing and credit buyback – directly at its partners’ point of sale or e-commerce platforms, with associated services including insurance, split payment solutions and mobility services, with the aim of meeting the challenges of energy transition in mobility, housing and consumption. Its financing solutions and services are offered in France via Sofinco, in Italy via Agos, in Germany via Creditplus, in Portugal via Credibom, in Spain via Sofinco Espana, in Morocco via Wafasalaf, and in China via GAC-Sofinco (car financing only). Crédit Agricole Consumer Finance aims to be the leader in green mobility in Europe and offers a continuum of all mobility solutions in the 19 countries where it operates (leasing, medium and short-term leasing, subscription, car sharing, charging station installation, etc.). It will rely on the JV with Stellantis, the 100% integration of FCA Bank and Drivalia and the development of automotive financing in its historical entities in Europe and in the Crédit Agricole Regional Banks and at LCL via Agilauto. Consumer Finance acts every day in the interest of its 16.7 million customers and the company. At December 31, 2022, Consumer Finance managed €103.1 billion in outstanding loans.
For more information: www.ca-consumerfinance.com