GMAC UK, formerly the financial arm of General
Motors and now a subsidiary of Ally Financial, has been selected as
the retail financing partner of MG Motor UK.

Both the company’s standard rate customer
financing, under the MG Financial Services brand, and manufacturer
programmes will receive funding from GMAC, and both parties have
begun a multi-year agreement to finance new and used car sales.

The deal follows a busy summer for MG, owned
by the Shanghai Automotive Industry Corporation, launching their
first all-new car in 16 years, the MG6 Magnette saloon, and
unveiling the MG5 concept model.

“GMAC will support our brand and help us grow
our business,” said Guy Jones, sales and marketing director, MG
Motor UK. “This important development allows us to offer a
competitive range of retail finance products for the new MG6 GT,
Magnette and following models.”  

“We look forward to working with MG and supporting its dealers to
maximise vehicle sales with competitive financing,” said Ed Paulat,
managing director of GMAC UK, who now add MG to a preferred
financier including Saab, Chevrolet and Vauxhall dealers.

richard.brown@vrlfinancialnews.com

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData