March 24, 2012

MG Motor UK appoints GMAC UK for wholesale financing

MG Motor UK announced that it had appointed GMAC UK plc, a subsidiary of Ally Financial Inc., as its preferred wholesale financing provider for dealerships.

This expands on the existing preferred retail financing relationship between the two companies
established last year.

Guy Jones, Sales and Marketing Director of MG Motor UK, said, “We chose GMAC as our preferred provider for wholesale and retail financing following a rigorous selection process. GMAC has demonstrated its leadership in the market with attractive financing offerings and high levels of service. The relationship with GMAC will be very beneficial as we seek to broaden our product line and increase sales in the UK.”

Ed Paulat, GMAC UK Managing Director, said, “Following a successful initial cooperation for retail financing, it is a logical step to add a competitive wholesale financing programme for MG dealers.We are a full-service provider and see the potential as the MG brand expands in the UK market."

MG dealers may obtain wholesale financing from GMAC for new, demonstrator and used vehicle inventory.  The GMAC sales team is making contact with dealers to introduce the wholesale financing programme.


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