Mercedes-Benz Canada Launches Branded Insurance Program
MISSISSAUGA, Ontario - Mercedes-Benz Financial Services Canada launched First Class Insurance, an auto insurance plan designed exclusively for Mercedes-Benz drivers. This program will be the first of its kind in Canada, and the only branded auto insurance program sponsored by a luxury automobile finance company.
The program was developed by Marsh Canada Limited, a Canadian insurance broking and risk management company and Aviva Canada Inc., a property and casualty insurance group.
"First Class Insurance is a pioneering program that will further differentiate the overall
Mercedes-Benz driving experience for our valued customers," said Stefan Karrenbauer, President and CEO of Mercedes-Benz Financial Services Canada. "The program was designed to protect our customers while providing a high-level of service that is truly commensurate with the Mercedes-Benz brand."
Some of the benefits the program will offer include:
• Preferred automobile insurance rates including multi-vehicle discounts
• Repairs performed at a Mercedes-Benz approved collision center
• Genuine Mercedes-Benz replacement parts
• New car replacement if a vehicle is a total loss within the first 5 years
• Preferred residential insurance rates including multi-policy discounts
• Financial suite of products, which currently includes: First Class Lease
• Protection, First Class Tire & Rim Protection and First Class Guaranteed Auto Protection.
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →