CA Auto Bank win BYD partnership in Italy and Spain

CA Auto Bank, a subsidiary of Crédit Agricole Personal Finance & Mobility, has been selected by Asian giant BYD as its new financial partner in Italy and Spain.

Through the partnership, CA Auto Bank will provide customised financing solutions to BYD’s end customers and dealer network.

Effective in Italy and Spain, the partnership covers all models in the BYD range marketed in the two countries – including BYD Atto 3, a dynamic C-segment SUV; BYD Han, an elegant E-segment sedan; the compact BYD Dolphin; and the high-end BYD Seal sedan – both through traditional financing plans and through innovative and flexible solutions.

In addition, CA Auto Bank’s digital and multi-channel approach will ensure a quick and easy purchase experience for BYD customers.

The partnership will also involve Drivalia, the CA Auto Bank Group’s rental and mobility company, as models from the BYD range will soon become part of the CarCloud family, Italy’s first monthly subscription car rental service (over 40,000 users to date), available to individuals, self-employed professionals, and businesses.

“We are proud to collaborate closely with an innovative and successful brand like BYD as it makes its way to success in Europe,” said Giacomo Carelli, CEO of CA Auto Bank and Chairman of Drivalia.

“This agreement further enriches our expertise, thus reinforcing our commitment to supporting a company that shares our approach to sustainability and innovation. This represents a significant step toward becoming the premier Bank for sustainable mobility.”

“We are very pleased with this alliance, which we believe will be mutually beneficial,” added Marcella Merli, Country Manager of CA Auto Bank in Italy.

“Becoming BYD’s financial partner is an acknowledgement of the Bank’s ability to adapt to the most diverse customer needs. Our range of financial solutions and our flexibility will contribute to BYD’s ambitious growth plan in Italy.”

AFC’s head of auto finance David Betteley commented: “It’s great news that CA Auto Bank and BYD have joined forces. Giacomo Carelli and Marcella Merli are two of the most dynamic Auto Financial Services operators in the business today and BYD are indeed fortunate to have them as partners.

“CA Auto Bank leads the field of innovation with a full suite of access products for customers and wholesale and working capital products for dealers. Moreover, with the range of mobility products provided by Drivalia, CA Auto Bank can truly be described as a full-service Auto FS company.

“I am confident that CA Auto Bank will do a great job for BYD in the first stage of this partnership, which is selling more cars to more new customers to the BYD brand,” he added.

“BYD will, in due course, also see the benefit of Carelli’s and Merli’s experience as the partnership develops and their expertise in customer retention and re-sale is needed.”