Since early 2023, Consors Finanz and MG Motor Deutschland have joined forces to offer comprehensive financing solutions for both commercial and private customers. This partnership is now evolving, with Consors Finanz becoming the primary financial partner for MG Motor's entire distribution network, encompassing both dealer and agency models.
Opportunities and threats facing financial services providers in the mobility revolution
This expanded collaboration means MG Motor's distribution partners gain access to a wide array of financing options, including leasing and dealer purchase financing. It comes at a time when MG Motor is experiencing robust growth in Germany, with 18,526 electric vehicles delivered in 2023, capturing a 3.5% market share in the segment.
Bernd Brauer, Head of Mobility at Consors Finanz, expressed pride in the partnership's growth, emphasizing its potential to drive mutual expansion. He highlighted the convenience for agents and dealers, who can now offer customers a comprehensive suite of financial services seamlessly.
Philipp Hempel, Vice President Sales at MG Motor Deutschland, echoed this sentiment, expressing excitement about the partnership's future trajectory. He emphasized Consors Finanz's reliability as a financing partner and its ability to adapt to the rapid pace of MG Motor's growth. Together, they're poised to meet the evolving needs of the market with an all-in-one solution for MG Motor products and distribution models.
