Holden Financial Services Launches in Australia
- Holden leverages leading global automotive finance company GM Financial for Australian customers
- Holden Financial Services team comprised of more than 40 employees in Melbourne and across the country
- New retail loan program, Holden Guaranteed Value, the centrepiece of Australian launch
- Holden Guaranteed Value promotes Holden customers’ peace of mind around the future value of their vehicle and flexibility
PORT MELBOURNE, AUSTRALIA:GM Financial, the global captive automotive finance company of General Motors, has officially launched its Australian business, called Holden Financial Services. Representatives from Holden and Holden Financial Services hosted dealers for a special reception in Melbourne to commemorate the event.
“Our expansion into Australia is the latest example of how we are growing our business and providing mobility solutions that help us earn customers for life,” said Rick Livingood, Executive Vice President, Asia Pacific, GM Financial, who visited Melbourne for the Australian launch. “We are fully focused on creating added incremental value for Holden, the dealer network and our retail customers.”
In addition to Australia, GM Financial has operations in the U.S., Brazil, Canada, Chile, China (through joint ventures), Colombia, Mexico and Peru, covering approximately 90 percent of GM’s worldwide automotive sales footprint.
Holden Financial Services Managing Director Richard Tatford said GM Financial’s expansion into Australia is a compelling opportunity to partner with an established domestic automotive brand, a highly competitive vehicle portfolio and a committed dealer network.
“Holden Guaranteed Value – our first product offering – gives customers the choice and flexibility to trade in, keep or return their vehicle at the end of their selected finance term, with the peace of mind around the future value of their vehicle,” said Tatford.
“It is a promise to our customers that their vehicle should retain its value over time, because of the assurance of a guaranteed buyback at the end of their loan agreement. Customers can rest assured that the value of their vehicle is future proofed,” added Tatford
Holden Chairman and Managing Director Dave Buttner said the launch of Holden Financial Services means the Holden dealer network can now utilize GM’s captive finance company to offer competitive and innovative finance options for customers.
“The launch of Holden Financial Services reflects General Motors’ confidence in the future of Holden,” said Buttner. “Many Holden dealers and customers have consistently told us that they would like the choice of a captive finance company as they consider finance options for a new vehicle purchase. We are delighted to now be able to offer Holden Financial Services, backed by the strength and global footprint of GM Financial.”
GM Financial is the wholly-owned captive finance subsidiary of General Motors and is headquartered in Fort Worth, Texas. It is a global provider of auto finance solutions, with operations in North America, South America and the Asia Pacific region. For additional information on GM Financial, please visit its website.