MAN expands financing options for electric commercial vehicles
Traton subsidiary MAN wants to address that customers’ entry into electric mobility will initially result in higher financing requirements. The Munich-based company is thus expanding its financial division, MAN Financial Services, under the umbrella of Traton Financial Services. It has already launched in Germany, Spain, Poland, South Korea, Austria, Sweden, and South Africa. Two further important markets, the UK and Ireland, will follow this autumn. Italy, France, Portugal, and Mexico are to follow in 2025—and then other markets.
The rollout under the umbrella of the parent financial division Traton Financial Services aims to “leverage many synergies with the Group’s other brands,” MAN says. Its sister companies include Scania, Navistar, and Volkswagen Truck & Bus. Traton wants to offer electric truck customers everything from a single source: Consultancy, vehicles, solutions for financing, leasing and insurance. The approach is thus similar to the trend towards complete packages that Daimler Truck has also recently announced.
“As an integrated part of our offerings, MAN FinancialServices is a great advantage for our customers, because the commercial vehicle business follows different rules to the passenger car business, for example,” says Gerard van Keulen, Head of MAN FinancialServices. “And unlike conventional banks or financial service providers, we know the business models and requirements of transport companies in detail. With this strategic step, we can offer our customers even better industry-specific and tailor-made products for sustainable mobility.”
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