Loans to motorists rise to €1bn despite fall in new car sales
Loans to motorists rise to €1bn despite fall in new car salesThe increase in total lending volumes (to almost €950m) came despite the fact there was a 10.4pc fall in new car sales last year. BMW Financial Services loaned €231.7m through its group-brand retailer network and its several multi-make Alphera outlets. Renault/Dacia Bank loaned €205m in 2017, a 2.5pc rise - again despite the sizeable new car market decline. Tomorrow, Toyota Financial Services (Ireland) will be officially rolled out at a ceremony in the company's Dublin headquarters. TFS(I) is a joint venture between Toyota Financial Services, Toyota Motor Corporation's international finance arm, and Toyota Ireland, the 100pc Irish-owned distributor of the brand here.