22 March 2022
22 March 2022, Comments Comments Off on FCA Bank extends partnership with Knaus Tabbert
FCA Bank extends partnership with Knaus Tabbert

A partnership between FCA Bank and Knaus Tabbert, the German manufacturer of motorhomes, caravans and camper vans, will provide financial services to the sales network and end customers in Europe.

The partnership between FCA Bank and Knaus Tabbert, already active in Germany, will soon be extended to Italy, France and all other European countries. The agreement involves a number of brands in the Knaus Tabbert group, including Knaus, Tabbert, Weinsberg, T@B and Morelo.

By entering into a cooperation arrangement with Knaus Tabbert, FCA Bank continues its diversification and expansion in Europe, with the aim of strengthening its role as a leader in mobility by combining financial services for dealers and end customers in the motorhome and caravan sector.

This is a constantly growing market, which saw record growth in Europe in 2021, with total registrations of leisure vehicles up on the previous year by 10.1% (in particular, by 13.2% for motorhomes and 3.7% for caravans), with a total of over 260,000 new units. In addition, for the first time in Europe, the milestone of 180,000 new motorhomes registered in 12 months was exceeded.

“We are proud to have signed the partnership with Knaus Tabbert, Europe’s leading company in the leisure vehicle sector. The boom in sales and registrations recorded in recent years demonstrates the growing importance of motorhomes and caravans among the international public” said Giacomo Carelli, CEO and General Manager of FCA Bank. “This agreement is a great opportunity for us to expand our presence in the recreational vehicle market”.

Knaus Tabbert AG is a leading manufacturer of leisure vehicles in Europe with headquarters in Jandelsbrunn, Lower Bavaria. It also has locations in Mottgers and Schlüsselfeld in Germany, and in Nagyoroszi in Hungary. The company has been listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000A2YN504) since September 2020. With its brands KNAUS, TABBERT, T@B, WEINSBERG, MORELO and its caravanning rental service RENT AND TRAVEL, the company generated revenues of nearly €800 million and produced more than 24,000 recreational vehicles with a workforce of approximately 3,000 in 202: www.knaustabbert.de

FCA Bank S.p.A. is a bank engaging mainly in car finance and in the mobility sector. FCA Bank S.p.A. provides financing products to drive the sales of prestigious car brands in Italy and in Europe. The loan, lease, rental and mobility financing programmes provided by FCA Bank S.p.A. are specifically designed for dealer networks, private customers and corporate fleets. FCA Bank S.p.A. is operational in 17 European countries and in Morocco, directly or through branches. At 31 December 2020, FCA Bank had a total loan and lease portfolio of approximately €26.2 billion: www.fcabankgroup.com