Mercedes-Benz Financial Services Canada Captures Top Captive Spot In the J.D. Power Canada Dealer Financing Satisfaction Study
Company ranked highest overall captive as well as highest in each of the four factors
Mississauga, Ontario -- Mercedes-Benz Financial Services Canada has been ranked highest in the just-released J.D. Power 2018 Canadian Dealer Financing Satisfaction StudySM in the category of overall dealer satisfaction for captive lenders as well as each of the four factors on which captive lenders are rated. The study measures dealer satisfaction with captive and non-captive auto financing providers with retail credit.
In overall captive provider satisfaction, the company received a score of 948, up from 930 in 2017 and more than 50 points higher than the 2018 captive average. The company is the highest ranked captive provider in each of the four factors that comprise the overall satisfaction score, including: provider offerings; application/approval process; relationship with sub-factors of credit staff relationship and sales staff relationship; and lease return.
“We are a business built on the relationships and experiences that our people provide. This incredible honour could not have happened without the continued dedication of each and every team member to provide all of our dealers, brand partners and customers with the best experiences possible,” said Stefan Karrenbauer, President and CEO of Mercedes-Benz Financial Services Canada.
“This award is a result of the honest feedback of our dealers and we were particularly pleased to see the extremely high scores in the relationship factors,” added Derrick Halvorsen, Vice President of Mercedes-Benz Financial Services Canada. “While the recognition is always welcome, the real value of participation is the same as it is every year—it helps us identify where we can continue to improve in our quest to deliver exceptional experiences every day.”
The J.D. Power 2018 Canada Dealer Financing Satisfaction Study is based on 738 evaluations of captive lenders in Canada and measures the opinions of dealer principals, general managers and finance & insurance managers with their finance provider. The study was fielded in February and March 2018.
For information about the results of the J.D. Power 2018 Canadian Dealer Financing Satisfaction Study, visit: http://canada.jdpower.com/press-releases/2018-canadian-dealer-financing-satisfaction-study
About Mercedes-Benz Financial Services Canada
Mercedes-Benz Financial Services Canada, located in Mississauga, Ontario, supports the sales efforts of Mercedes-Benz Passenger Cars, Vans and Daimler Commercial Vehicles in Canada by offering premier financial services to retail and commercial customers and the dealer network. The company provides lease and purchase options, as well as insurance products to customers who choose Mercedes-Benz vehicles, including smart cars. Commercial Vehicle customers enjoy the benefits of leasing, financing and insuring their Freightliner, Western Star, Thomas Built and Fuso vehicles with Daimler Truck Financial. Mercedes-Benz Financial Services Canada was ranked number 10 on the list of top large and multinational workplaces on the 2018 list of the Best Workplaces™ in Canada as determined by the Great Place to Work® Institute of Canada. The company was also named on the 2017 list of Best Workplaces in the Financial Services & Insurance Industry in Canada as well as the list of twenty Best Workplaces in Canada for Millennials. For more information, go to: mercedes-benz.ca/mbfs