Nissan Finance has a R2-billion asset base, according to Piet du Toit, MD of the division.
Nissan Finance has a R2-billion asset base, according to Piet du Toit, MD of the division.
Du Toit said Nissan Finance has a staff of 40, of which 30 are finance and insurance (F&I) managers on dealership floors countrywide.
“Our F&I managers generate a second gross of R45-million per annum for the dealer body. Our highest production achieved was R132-million in May, and our current market share is at 36 per cent.” Second gross refers to profit on after-sales items.
Du Toit said the measured dealer satisfaction levels were 11 per cent ahead of the nearest competitor on the industry rating and they had a customer satisfaction index of 88 per cent.
He said that Nissan Finance actively markets many of WesBank power products including Finance ShockAbsorber, Wheelsaveplus, Fixed Rate, Out-the-Box, Take-A-Break, Courtesy Car maintenance, Customer protection plan and Cover plus.
Nissan Finance also has a unique 4×4 insurance product called X-traSure especially designed for the Nissan range of 4×4 vehicles.
Mike Whitfield, executive vice president of Nissan South Africa, said: “The success of this joint venture concept comes from building on the strength of the main stakeholders (Nissan SA, Nissan dealers and Wesbank) supported by a point of sale strategy and delivering high levels of service. The brand name is increasingly gaining momentum and credibility.
“That Nissan Finance has achieved over R2-billion of business is an illustration of the market acceptance of the innovative products and competitive rates which we have offered to buyers of Nissan products,” he added.