Loans increase 7% at Mercedes-Benz Leasing

Its non-performing loans were significantly lower than the industry’s norms.
Its market share stood at 45 per cent of Mercedes-Benz vehicles sold, thanks to its positioning as a one-stop financial services provider and its offering of a comprehensive range of financial products, managing director Supavut Jiramanusnakorn told a press conference yesterday.
The “mySTAR Special” financial programme accounted for more than 20 per cent of Mercedes-Benz cars financed or leased by the company and the “MB Protection” insurance programme was chosen by 71 per cent of Mercedes-Benz customers, which was a 8-percentage-point rise from the same half last year. 
Nearly 20,000 Mercedes-Benz owners are protected by MB Protection, he said.