# Credit Agricole is weighing foray into German car-sharing: media report
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-11-28
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Credit Agricole Expands Car-Sharing Services in Growing
Meta Description: Credit Agricole plans to enter the German car-sharing market to challenge established players. Learn about their innovative mobility solutions here!
URL: https://financedigest.com/credit-agricole-is-weighing-foray-into-german-car-sharing-media-reporthtml

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FRANKFURT (Reuters) – French bank Credit Agricole is weighing plans to offer car-sharing financial services in Germany because the growing market offers opportunities to challenge incumbent players, an executive told trade publication Automobilwoche.

The French bank’s consumer finance arm has been in a push to increase mobility-related revenues from its car leasing joint venture with Stellantis and other partnerships as well as from its existing car financing and car rental services.

“We are testing car-sharing in smaller towns in France with a population of up to 30,000. If that succeeds we will take the concept also to Germany,” Stephane Priami, the head of [Credit Agricole’s](https://www.financedigest.com/credit-agricole-launches-china-ma-and-investment-banking-business.html "Credit Agricole launches China M&A and investment banking business") consumer finance unit, was quoted as saying.

The idea was to focus on towns within [driving distance of larger cities to put them within reach](https://www.financedigest.com/the-personal-circumstances-currently-driving-equity-release-enquiries-and-how-to-reach-the-right-decision.html "The personal circumstances currently driving equity release enquiries and how to reach the right decision") for customers without a car, he added.

The [German membership-based car-sharing market](https://www.financedigest.com/adnami-appoints-senior-executives-in-french-and-german-speaking-markets-as-hiring-spree-continues.html "Adnami appoints senior executives in French and German speaking markets as hiring spree continues") is undergoing a transformation as Volkswagen is selling its all-electric car-sharing unit WeShare to Berlin-based Miles Mobility.

[Germany’s Mercedes-Benz and BMW sold their car-sharing venture Share](https://www.financedigest.com/kuehne-raises-lufthansa-stake-to-17-5-as-germany-sells-remaining-shares.html "Kuehne raises Lufthansa stake to 17.5% as Germany sells remaining shares") Now to Stellantis. Car rental firm Sixt has branched out into car-sharing.

(Reporting by Ludwig Burger;Editing by Elaine Hardcastle)


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