LGM Financial Services Inc. & Volvo Cars Canada Announce Renewal & Expansion of Strategic Partnership 

April 3, 2024
Press Releases

Vancouver, BCLGM Financial Services Inc.(LGM) and Volvo Cars Canada Ltd.(Volvo) are pleased to announce the decision to renew and expand their partnership. In doing so, they will continue to leverage LGM for sales, marketing and claims administration of Volvo’s F&I products, Volvo Increased Protection.  

Initiated in 2017, the LGM-Volvo partnership began with a shared mission – to create high-quality branded F&I products to ensure Volvo retailers and their customers benefit from a superior experience during and post-purchase. Today, celebrating years of growth, and on the heels of a particularly successful quarter, the two announce they are expanding their partnership to include Volvo’s Excess Wear and Tear Advantage (EWT), a product designed to waive applicable lease-end charges that would otherwise be the responsibility of the customer.   

“The renewal and expansion of the partnership stand as a testament to the trust and ongoing growth built between our organizations,” stated Drew Collier, President & CEO of LGM. “We are grateful for the support extended to LGM by Volvo Canada and are elated to continue with a partner so aligned to our values. As we reflect on a year of achievements, we look forward to the future with optimism, knowing that our strengthened partnership will pave the way for even greater successes in the years to come,” exclaimed Drew.

The strength of the Volvo-LGM partnership is rooted in shared values. In addition to delivering a premium consumer experience, the partnership centers around a focus on environmental sustainability. In 2021 LGM developed Volvo Canada’s first EV-only protection products in support of their initiative to become fully electric by 2030. 

“At Volvo, we always strive to enhance our overall customer experience, and offering a comprehensive suite of F&I products that provide protection throughout ownership help achieve this,” said Brad Dickerson, National Manager, Volvo Car Financial Services. “Partnering with LGM on the administration of our products and services will help ensure continued success in delivering our shared commitment to adding value to both retailers and customers.”  

About Volvo Cars Canada Ltd. 

Volvo Cars Canada Ltd. is a subsidiary of Volvo Car Group of Gothenburg, Sweden. VCCL provides marketing, sales, parts, service, technology, and training support to the 37 Volvo automobile retailers across Canada. For more information, please refer to the Volvo Cars Canada media website at: www.media.volvocars.com/ca/en-ca

“For life. To give people the freedom to move in a personal, sustainable and safe way.” This purpose is reflected in Volvo Cars’ ambition to become a fully electric car maker by 2030 and in its commitment to an ongoing reduction of its carbon footprint, with the ambition to achieve net-zero greenhouse gas emissions by 2040.

About LGM Financial Services Inc.

LGM Financial Services (LGM) is a leader in Canada’s automotive space, focused on revolutionizing the consumer automotive experience through technology, transparency, and sustainability. Since 1998, LGM has been providing branded Finance and Insurance (F&I) products to distinguished automotive manufacturers and dealers across the country. LGM works to maximize dealership performance and customer satisfaction through products that are backed by an elite F&I sales and training program, and a comprehensive claims and dealer support network. For future information visit www.LGM.ca.

For more information, media may contact: media@lgm.ca