Toyota Tsusho : Entry into the Automobile Sales Finance Business in Croatia- Offering Products Suited to Customer Needs, amid the Shift from Automobile Ownership to Use -
November 03, 2022 at 10:16 pm EDT
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Automotive
2022-11-04
Toyota Tsusho Corporation ("Toyota Tsusho") established Toyota Tsusho Leasing Croatia d.o.o., an automobile sales finance company in Croatia, and began sales through Toyota dealers in the country in September 2022. This is the second European country where the sales finance business has been established, after Slovenia.
Toyota Tsusho established Toyota Croatia d.o.o. ("TCR") in Croatia in 2002, and has been expanding ever since entering the automobile distributor business in that country. Presently, it sells approximately 2,000 Toyota vehicles per year through its nine dealers nationwide. This newly announced entry into the automobile sales finance business is being advanced under TCR's sales business, based on Toyota Motor Corporation's European sales strategy. Also, as the form and consciousness of automobile ownership shifts from ownership to use, the company aims to offer products suited to customer needs, not only through vehicle sales, but also vehicle leasing.
Toyota Tsusho Leasing Croatia will work together with TCR to offer financial products. It aims to not only support customers' automobile purchases through finance services, but also offers a mobility service including effective use, such as Full Service Lease that combines vehicle maintenance and leasing. By establishing a foundation to offer services suited to customer needs for the effective use of automobiles, the company will contribute to increasing Toyota vehicle sales, improving customer loyalty, and further enhancement of the Toyota brand's value.
Overview of Toyota Tsusho Leasing Croatia d.o.o.
Company Name
Toyota Tsusho Leasing Croatia d.o.o.
Location
Zagreb, Croatia
Representative
Ruža Ercegović
Established
April 2022
Capital
29,920,000 Kuna (Approximately 4 million Euros)
Investment ratio
Toyota Tsusho Corporation: 100%
Business description
Automobile sales finance (finance leases and operating leases)
Company location
The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.
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Toyota Tsusho Corporation published this content on 04 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2022 02:15:07 UTC.
Toyota Tsusho Corporation is a diversified group organized around 7 areas of activity:
- production of metal (24.1% of net sales): steel bars, flat steel, wires, pipes, aluminum, etc.;
- manufacturing of chemical products and electronic components (23.2%);
- production of automobile components and accessories (12.4%). Toyota Tsusho Corporation also offers logistics services and tire assembly services;
- manufacturing of industrial machines equipment and gas (10.9%);
- sale of vehicles (7.9%): private cars, vans, heavy vehicles and motorbikes/scooters. The group also sells spare parts and offers after-sales services;
- manufacturing of food products (7.7%);
- other (13.8%): sale of insurance products (life, health, accident and house), accommodation services, sale of medical equipment and services, sale of textile products and office supplies.
Net sales are distributed geographically as follows: Japan (30.8%), China (14.4%), Africa (13.7%), the United States (9.8%) and other (31.3%).
Toyota Tsusho : Entry into the Automobile Sales Finance Business in Croatia- Offering Products Suited to Customer Needs, amid the Shift from Automobile Ownership to Use -
TOYOTA TSUSHO CORPORATION 
