Ford New Zealand and Mazda New Zealand has designated the UDC Finance, an asset finance specialist, as the preferred wholesale and retail finance supplier.
With an AA credit rating from international ratings agency Standard and Poor’s, UCD Finance is the leading company in auto finance in New Zealand. David Hisco, the Chairman of UDC, said that the finance company’s seventy years in the asset finance sector in New Zealand and focus on automotive finance has placed it in the right position to grab the partnership opportunity with the two car companies.
He further said that the proposition has recently been greatly improved by the recently launched “UDC Live” product. This is an online ‘real-time’ car loan processing capability that is available through dealerships. It builds the engine for loans originally from the dealers.
According to him, this technical capability is backed up by a well experienced management team in New Zealand who has been a leader in dealer finance. He also said that with their knowledge acquired from working with the Australian auto industry, the technical capability has enabled them to vividly demonstrate how they can put more value to a dealer principal’s business. He added that the partner ship gives more momentum to what they have already developed at UDC.
On June 15, 2007, the UDC Finance will begin retail finance business with Ford and Mazda dealerships.
About UDC
New Zealand’s biggest fiancé company, UDC is a wholly owned and independently operated company that provides asset finance to New Zealanders for more than 60 years now. It became the 15th largest finance company in the world when the company was joined with Esanda Finance, its Australian partner.
The company is an expert in providing "asset-based" finance for plant, vehicle and equipment finance where they do not rely on land or buildings as security. It also offers an array of products to be invested and an example of which is the Secure Term Investments and Call Accounts.
UDC is a member of the ANZ National Bank Limited. It therefore shares the same visions and values which are committed to excellent customer service and to help in the growth of individuals and businesses.
About Ford Motor Company
Ford Motor Company is an American multinational corporation. Based on the world wide vehicle sales, it is the third largest automaker all over the world after leaders Toyota and General Motors.
Ford was the second-ranked automaker in the US with a 17.5 percent market share, after General Motors with 24.6 percent but ahead of Toyota with 15.4 percent and DaimlerChrysler with 14.4 percent. This was according to the 2006 records. In 2007, Ford was the seventh placer among different American-based companies in the Fortune 500 list. This was based on global revenues that amounted to $160.1 billion.
Headquartered in Dearborn, Michigan, a suburb of Detroit, the auto company was founded by Henry Ford and incorporated in June 16, 1903. Its global brands include Lincoln and Mercury of the US, Jaguar and Land Rover of the UK, and Volvo of Sweden. Ford also owns a Mazda controlling interest amounting to one-third controlling.
Aside from producing quality products, Ford has been one of the ten largest corporations around the world in terms of revenue.
About Mazda Motor Corporation
A Japanese automotive manufacturer that is based in Hiroshima, Japan, Mazda Motor Corporation is the maker of quality and top of the line parts such as Mazda shock.
In addition to that, Mazda is also a well known producer of different types of vehicles and their parts.
The company is expected to produce 1.25 million vehicles annually as of 2006. Among Japan, Europe, North America, and Latin America, its sales will be evenly divided.
Mazda’s 33.4% of controlling interest is controlled by the Ford Motor Company.
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