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  • 2016/10/10
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500 000 customers

Sales continue to grow at GAC-Sofinco, CA Consumer Finance's automobile joint venture in China.

 

From its beginnings in July 2010, it has just reached 500,000 "retail" applications financed. Some 60 guests and journalists shared the company's success with its Executive Management on September 14 at Guangzhou.

This show of trust from Chinese consumers provides a new occasion for GAC-Sofinco* to affirm its position as a major auto finance player in China, helping its partner Guangzhou Automobile Group, the country's 6th-largest manufacturer.

 
*CA Consumer Finance owns 50% of GAC-Sofinco, which managed €2,977 million in outstanding at 30 June 2016. It employs 376 people and partners over 1,500 dealerships.
It finances the following brands: Toyota, Honda, Mitsubishi, Fiat, GAC Motor.

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