We’re moving forward
As Santander Consumer Finance celebrated the third anniversary of its partnership with MG Motor UK, there’s plenty to shout about. From a standing start in January 2020, MG Motor Financial Services has financed more than 37,000 vehicles and lent over £660 million to retail customers. In addition, it provides ample funding lines to the entire MG network, ensuring a constant supply of new vehicles.
Stewart Grant, Commercial Director at Santander Consumer said “We’re delighted by the way in which our partnership with MG has flourished over the past three years. Providing funding to both the Retailer network and its customers has helped MG establish itself as a major player in the UK. Achieving a market share of 3.16% in 2022 through the sale of over 51,000 units is a staggering performance given where the brand was just a few years ago. We look forward to supporting MG in its future growth aspirations and to continue forge an ever-closer relationship”.
And there’s more to come.
Having built a sizeable customer portfolio, 2023 will see a huge focus on delivering sales through targeted CRM activity managed via Santander Consumer’s Gateway3Sixty platform and supported by its Customers for Life programme. Couples with the planned introduction of a full, end-to-end online customer finance journey, the future for the UK’s fastest growing major car brand continues to look bright.