CARDIFF, Wales, April 27, 2015 /PRNewswire/ --
GM Financial, operating as GMAC UK and Vauxhall Finance in the UK, has been named "Captive Finance Company of the Year". The recognition was presented last week at the Motor Finance Europe Awards in Munich, Germany, where industry news service Motor Finance acknowledged the achievements of the European motor finance industry in 2014.
The "Captive Finance Company of the Year" award recognises the increasing importance of finance companies to the manufacturers in supporting overall car sale volumes and is based on the judgment of a panel of independent industry experts. Judges took into account the business performance in terms of finance penetration within the manufacturer brand, support of the sales of the manufacturer parent company, as well as business development and innovation. And were impressed with what they found at GM Financial.
Jonathan Minter, Editor, Motor Finance commented: "The judges felt that GM Financial was the worthy winner in this category, given the challenges presented by the ownership changes the company has gone through over the recent years, they were particularly impressed that it was able to report strong growth and remain more than a competitive lender in the market."
Following the acquisition by GM Financial two years ago, the company, operating in the UK under the Vauxhall Finance and GMAC brands, had the opportunity to reinvent itself as a new, more agile auto finance company and started off on a transformational path towards becoming more supplier of choice than simply the in-house captive.
Ed Paulat, Managing Director GMAC UK and Executive Vice President, GM Financial, said: "We are very proud of this recognition for our performance. Being named outstanding in the captive industry is a great honour. We obviously are on the right path and will keep our sharp focus on helping GM/Vauxhall and our business partners in the UK sell more cars."
About GM Financial/GMAC UK
With over 90 years of experience, GMAC UK has an unrivalled reputation in offering finance solutions for the automotive industry. Using the brand "Vauxhall Finance", the company provides automotive financing products for Vauxhall dealers and customers. In 2014, GMAC joined the top 7% of accredited organisations across the UK when it was awarded with the Investors in People Gold standard for realising the potential of its staff. GMAC UK is a subsidiary of GM Financial Inc., the global automotive financial services company of General Motors.
For further information, please contact:
Susanne Gehrling, email@example.com , +49(0)6142-878566
Sebastian Ziegler, firstname.lastname@example.org , +49(0)6142-878568
SOURCE GMAC UK plc