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Contracts sent out to MG dealers ahead of launch

NAC MG UK has sent contracts to its 55 dealers ahead of the sales launch of the new TF model this summer.

So far two dealers have returned the contracts, which were issued in mid- June. Due to low volumes, the carmaker will not yet be issuing targets to dealers as part of the contracts.

The carmaker said it would be sending out signage within weeks, when all the returns had been received.

Stock funding was agreed with GE Money last year, and dealers will be able to offer customers finance under the MG Money brand.

The arrangements are unaffected by Santander’s acquisition of GE Money.

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