Ally Financial subsidiary GMAC has added
wholesale financing for MG Motors to its UK portfolio, weeks after
being named Best Auto Finance Company 2012 by the Institute for
Transport Management (ITM).
The taking on by MG as preferred wholesale
financing provider for dealerships, on top of the retail finance
partnership agreed between the two companies in October 2011, is
good news in turbulent times for GMAC which has
recently taken on the SsangYong finance contract but lost the
Vauxhall flexible finance offer to Santander Consumer
Finance.
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Guy Jones, sales and marketing director of MG
Motors UK, took the opportunity to emphasise the company is looking
to “broaden our product line and increase sales in the UK”.
Ed Paulat, managing director of GMAC, said the
deal was “a logical step to add a competitive wholesale financing
programme for MG dealers” which covers new, used and demonstrator
vehicles.
According to ITM, it is that advantage offered
to dealer networks, plus evaluation of customer service and range
of services, that informed its choice of awarding GMAC, beating out
three other financers.
Ironically, GMAC took the award from last
year’s winner, Santander.
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By GlobalDatarichard.brown@vrlfinancialnews.com
