Catch up on the latest leasing broker news in the 07 February 2023 Broker News newsletter
MERCEDES-BENZ, which started selling cars under the agency model in January, was down more than 20% in a market that saw an overall rise of 14.7%.
The agency move, which has blocked brokers from selling Mercedes cars without going through the brand’s captive finance house, has drawn criticism from consumers on the Mercedes-Benz Facebook page.
While agency is supposed to eliminate consumer’s fear that another buyer may have received a better deal through fixed pricing, Mercedes has also launched a sale offering discounts on selected models
Smart has a new SUV arriving soon. How will it approach the broker fleet market? MD David Browne explains the OEM’s approach: I think brokers have a role. They have strong relationships with companies already, so we’ll tie into that
Fleet Procure announced it will enter into OEM agency ordering for leasing brokers at its annual conference and awards
JLR says it is firmly on course to switch to the agency model in 2024 and would continue to exclude brokers from special terms
Two Stellantis brands – Alfa Romeo and DS – are pulling back on the introduction of agency models to the market