Over 1000 MG3 orders and more than 400 registrations since launch

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    Windy
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    Over 1000 MG3 orders and more than 400 registrations since launch

    Post by Windy on Tue Mar 11, 2014 5:39 am

    Nice picture of the MG3  Laughing 

    I guess that is what the Americans think it looks like!
    And judging by the ramps, how reliable it is!

    But why do the Americans have this press release and we don't?!


    Over 1000 MG3 orders and more than 400 registrations since launch



    Over 1000 MG3 orders and more than 400 registrations since launch MG3 benefits from an ultra low, 4E insurance group and strong residuals of up to 61% Exceptional value, high standard of equipment on all models, from only £8,399 to £9,999 MG3 available from just £99 a month or zero deposit and savings of up to £3000 available on MG6 Ten additional retailer appointments already announced in 2014

    Longbridge, UK--March 11, 2014 - MG has today announced over 1000 orders and more than 400 registrations of the marque’s outstanding value for money supermini, since the launch of the MG3 in November 2013. Ten new retailer appointments have also been announced so far this year as MG continues to expand the dealer network.

    The growing success of MG3 is attributed to many key features, such as an ultra low 4E insurance group and strong residuals of up to 61 per cent; available in four specifications, the entry level, 3TIME, is available from just £8,399, up to the top of the range, 3STYLE for only £9,999. High levels of equipment are available across the range as standard, as well as class leading interior and boot space. All specifications are available on PCP from just £99 a month or with down to zero deposits.

    Sales of MG6 GT and Magnette variants are set to improve in 2014 thanks to the decrease in CO2 emissions for Diesel variants (from 139g/km to 129g/km) making the model a viable fleet option for the first time. Current Q1 offers allow customers to benefit even further, as already exceptional levels of equipment are available for even less, with free upgrades on all MG6 petrol and diesel specifications offering a saving worth up to £3,000, until 31 March 2014. Lease offers are also available on all MG6 variants from only £199 a month.

    MG also recently announced the tenth retailer appointment this year to join the rapidly expanding dealer network, including the marque’s first presence in London. A total of 80 retailers are expected by the end of the year. MG’s MG 2 U service continues to cover areas of the UK that do not currently benefit from a local retailer.

    2013 year-end figures showed a dramatic increase in sales for MG since the launch of the MG3 in the UK. MG3 customer deliveries began in November 2013, a month in which sales showed a 257 per cent increase from the previous November. The Longbridge based manufacturer then went on to achieve the best December sales in the company’s history, nearly 30 per cent up on previous years. MG’s parent company, SAIC Motor, achieved record global sales in 2013 of over 5.1 million units; the first Chinese automotive manufacturer to exceed five million units in a year. 230,000 units of this extraordinary end of year figure can be attributed to sales of the MG and Roewe marques worldwide.

    Source: http://www.theautochannel.com/news/2014/03/10/105907-over-1000-mg3-orders-and-more-than-400-registrations-since.html

    Morris Motors

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    Re: Over 1000 MG3 orders and more than 400 registrations since launch

    Post by Morris Motors on Tue Mar 11, 2014 6:04 am

    All good news! They do love their percentages though...!
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    Windy
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    Re: Over 1000 MG3 orders and more than 400 registrations since launch

    Post by Windy on Tue Mar 11, 2014 6:38 am

    Morris Motors wrote:All good news! They do love their percentages though...!
    They are a bit out of date with their claim of 5 million units per year though, I was much more impressed with the more recent "SAIC sold over 1 million units in the first two months of 2014." - and that includes the poor sales of the spring holiday period!

    Brouwer

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    Re: Over 1000 MG3 orders and more than 400 registrations since launch

    Post by Brouwer on Tue Mar 11, 2014 8:05 am

    Windy wrote:MG3 benefits from ... strong residuals of up to 61%

    Interested to know how that figure was calculated.
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    Windy
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    Re: Over 1000 MG3 orders and more than 400 registrations since launch

    Post by Windy on Tue Mar 11, 2014 9:17 am

    Brouwer wrote:
    Windy wrote:MG3 benefits from ... strong residuals of up to 61%

    Interested to know how that figure was calculated.
    It is stated as fact rather than an estimate so it will be from actual data, presumably collected by http://www.cap.co.uk/ , however I don't know what it is, can't be trade value after 3 years or so far it would only be an estimate! I guess it must be the highest trade price paid so far for a used MG3 as a percentage of list price?
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    Windy
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    Re: Over 1000 MG3 orders and more than 400 registrations since launch

    Post by Windy on Tue Mar 11, 2014 9:25 am

    Ahh,  "MG3 residual values provided by CDL VIPDATA based MG3 3TIME 2013 5Dr hatchback 1.5L 106 PS EU5 OTR £8,399.00 12 month 12k miles Part-Ex (61% of OTR)" - must be an estimate then!

    The same car at 3 years/36K miles is predicted to have a part-ex value of 40.5% of the OTR price, quite good if the estimate proves accurate...

    Of course these values are helped significantly by the car having a low list price for what you get.

    Brouwer

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    Re: Over 1000 MG3 orders and more than 400 registrations since launch

    Post by Brouwer on Tue Mar 11, 2014 9:38 am

    That's rather misleading, quoting a 1 year figure, when most customers would assume they were referring to retained value after 3.

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