Mercedes-Benz Financial Services appoints Nick Andrews as commercial vehicles director

Former fleet and remarketing director Nick Andrews has been appointed as commercial vehicles director at Mercedes-Benz Financial Services UK, effective from 1 February 2018.

Andrews (pictured) will oversee the sales and operations of financial services for Mercedes-Benz Truck, Mercedes-Benz Van and EvoBus customers, with the aim of maximising retention.

He moves across from Mercedes-Benz Cars UK, where he held the role of fleet and remarketing director during a huge period of growth for the brand, and before that was head of fleet, where he helped to achieve record sales and a 20% rise in fleet registrations.

Andrews said: “I am hugely excited to make a real difference to our truck, van and bus customers. When other high street banks were closing their doors to UK businesses, Mercedes-Benz Financial Services kept lending and supporting customers, so much so that we have increased our lending amount every year since 2008.

“In my new role I will be continuing that trend and supporting the diverse industries in which our customers operate.

“It is a fantastic opportunity to build upon my experience and understanding of how important vehicles are to keep businesses moving and I look forward to celebrating our collective successes together.”

Mercedes-Benz Financial Services UK (MBFS) announced its’ best ever year in the UK in 2017 with regards to commercial vehicles, funding more vans than ever before with a record £356 million lent last year; an increase of 19.5% over 2016, representing more than one in every three vans funded by MBFS.

Last year for trucks, MBFS lent £229.m, with an additional £17m for FUSO Canter business.

Andrews joined Mercedes-Benz in 2011 with significant automotive experience, including seven years at Volkswagen Group, and seven years at Nissan before that.

Mercedes-Benz Financial Services was founded in 1990 and is based in Milton Keynes, United Kingdom. Mercedes-Benz Financial Services UK Ltd. operates as a subsidiary of Daimler Financial Services AG.