Chase, Mazda expand relationship to private-label
April 07, 2010 11:03 AM Eastern Daylight Time
GARDEN CITY, N.Y.--(EON: Enhanced Online News)--Chase and Mazda North American Operations today
announced that they have expanded their relationship by signing a multi-year private-label agreement under which
Chase will be the exclusive U.S. auto finance provider for Mazda, operating under the brand name Mazda Capital
Services. The Mazda Capital Services brand will roll out to Mazda dealers and consumers later this year.
“Since we began our relationship a little more than a year ago, both our dealers and our customers have been
extremely pleased with the quality of the financial services provided by Chase,” said Jim O’Sullivan, president and
chief executive officer, Mazda North American Operations. “I fully expect this new long-term strategic financial
alliance will result in even greater benefits for our Mazda dealers and customers and will be a prime contributor to
our future growth in the U.S.”
Chase became the exclusive U.S. auto finance provider for Mazda, under the Chase brand, in January 2009. Since
that time, a dedicated Chase team has offered retail and lease financing to Mazda’s customers through the more than
625 U.S.-based Mazda dealers.
“This is a win-win agreement that will benefit Mazda consumers as well as dealers,” said Marc Sheinbaum, chief
executive officer for auto finance at Chase. “Chase has developed a reputation as a top-notch consumer and dealer
finance provider for auto manufacturers, and Mazda has built a strong brand with consumers during its 40 years in
the United States. By working together, we will use our combined strength to provide dealers and consumers with
products and services to drive sales under the Mazda brand.”
Chase was the No.1 auto lender in the United States in new loan production in 2009, lending $23.7 billion to finance
1.1 million new and used vehicles for consumers.
Chase, together with its affiliates, i