MG Motor UK selects Santander Consumer Finance as its exclusive finance partner
Companies strike five-year deal for consumer retail and dealer wholesale finance
Switch supports MG’s Momentum & Growth mid-term plan
Four car range puts MG in strong position for volume growth in 2020
MG Motor UK is delighted to announce that Santander Consumer Finance (SCF) has been selected as its exclusive finance provider, as both companies agreed a five-year partnership effective from 1st January 2020.
Trading as MG Motor Financial Services, MG and SCF will provide a full range of retail finance options to make buying an MG easier than ever before. On the dealer side, new wholesale funding facilities will help MG dealers to gear-up for strong growth from 2020 onwards. The partnership supports MG’s Momentum & Growth mid-term plan which will see the ambitious British brand increase the size of its dealer network, add new models and reach over 30,000 new car sales by 2021.
In order to service the partnership with MG successfully, SCF have employed a new eight-strong sales team including a National Sales Manager and a National Marketing Manager.
Daniel Gregorious, Head of Sales & Marketing at MG Motor UK, commented: “We’re delighted to be partnering with Santander Consumer Finance to fulfil our retail and wholesale finance requirements. With Santander Consumer Finance’s support, we’re confident that we can provide our dealers with the tools they need to drive their businesses forward whilst delivering customer service excellence. Finance is such an important part of the new car market, so we’re really looking forward to working together to achieve our ambitious sales growth objectives and continue to offer MG buyers sensational value for money.”
Stewart Grant, Santander Consumer Finance Commercial Director commented: “Our new agreement with MG Motor UK is another thrilling milestone in the ongoing development of our partnership strategy and we are proud to be working with such a famous British brand. We share MG’s commitment to providing customers with value for money and developing long-term relationships and look forward to supporting their strategic vision.”
With a four-car range, MG is currently the fastest growing car brand in the UK with November year-to-date sales up over 35% versus the same period in 2018. The whole MG range is supported by an industry leading 7 Year Warranty, and its two newest cars, the flagship All New MG HS, and the battery electric MG ZS EV, have been awarded five-star safety ratings by Euro NCAP as they both excelled in the latest stringent Euro NCAP testing.