CA Auto Finance presents its achievements and announces further growth in the UK

• CA Auto Finance is the UK subsidiary of the international CA Auto Bank group, one of the leading independent, multi-brand pan-European players in vehicle financing, leasing and the mobility sector.
• The objective of the Group, wholly owned by Crédit Agricole Consumer Finance, is to lead the energy transition. By 2030, it intends to have 80% of its new vehicle portfolio made up of green vehicles.
• In the UK, after reaching more than 2,5 billion outstanding in 2023 the goal is to further increase and develop.

CA Auto Finance, the UK subsidiary of the international CA Auto Bank Group, has achieved significant success in 2023 and is poised for further growth in the UK market. As part of the Crédit Agricole Consumer Finance group’s strategy to become a leading independent, multi-brand player in vehicle financing and leasing, CA Auto Finance is focused on sustainable and green solutions in the mobility sector.

With nearly 30 years of experience in the UK market, CA Auto Finance, formerly FCA Automotive Services, has demonstrated strong market knowledge and support for brands and dealers. In 2023, it closed with a portfolio exceeding £2.5 billion and plans to expand further by developing its dealer network and establishing new partnerships with prestigious international brands.

To drive green mobility forward, CA Auto Finance offers a comprehensive range of leasing and mobility plans through its subsidiary, Drivalia UK. Drivalia serves as a “Mobility Planet,” providing various mobility solutions such as car subscriptions, vehicle rentals of flexible durations, and operating leases tailored to individual needs. The company plans to work closely with CA Auto Bank to develop a pan-European financial and mobility offering. In the future, CA Auto Bank and Drivalia will increasingly work in synergy, to develop a pan-European financial and mobility complete offering.

Drivalia currently operates over 30 Mobility Stores in major airports and train stations across the UK, offering individuals access to a wide range of new-mobility solutions. By 2024, Drivalia aims to expand to 60 stores with over 100 electric charging stations and increase its fleet from 4,500 to over 7,000 vehicles.

“With CA Auto Bank, the Crédit Agricole Group now has an innovative tool to serve all participants in the mobility market – including cars, bikes, leisure vehicles and marine – on a pan-European scale. This comprehensive and operational offering is an essential pillar to achieve our ambition to become a leader in green mobility in Europe“, said Stéphane Priami, CEO of Crédit Agricole Consumer Finance and Deputy CEO of Crédit Agricole S.A., in charge of the Specialized Financial Services division.

“We’re a new player, looking ahead to the future, but with a great history and significant know-how behind us: these are the foundations on which we want to build our expansion around Europe”, said Giacomo Carelli, CEO of CA Auto Bank and Chairman of Drivalia. “In the UK, as well as in other European countries where we are present, CA Auto Bank and Drivalia will be the driving force behind the popularization of zero- and low-emission vehicles, to contribute to the growing energy transition in mobility”.

“In a market like the UK, where there’s a good sensitivity around green mobility, CA Auto Finance has found fertile ground in which to develop its solutions, which we will soon implement with Drivalia’s mobility offering”, stated Alexander Hughes, Country Manager of CA Auto Finance.