The Honda finance team is having a hard time keeping the car dealership owners happy, according to a report by the UK-based auto finance company, Motor Finance, which has been following Honda’s auto finance operations for several years.
In a recent report, Motor finance said Honda finance is “failing” at the company’s stated goals of increasing profitability, improving customer satisfaction and helping it reduce costs.
In other words, the finance team’s goals are not being met.
Motor finance noted the company has “lack of confidence” in its financial operations and “is experiencing poor performance.”
Motor Finance also said the company “has been unable to meet its targets for revenue growth and profit margin, and the company is currently struggling to balance its financial positions.”
The company has been struggling to provide a high quality service and to deliver an improved experience to its customers, and to keep up with its growing customer base.
“With these challenges in mind, we are calling for a thorough review of Honda’s financial operations, and for the company to be replaced with a new, independent, fully-owned vehicle finance company.”
We will also request that Honda’s management undertake a thorough financial review of its business and the financial stability of its financial activities and policies.
“The company, which is based in Sunderland, England, did not immediately respond to a request for comment.