Dealer Auction is now remarketing end-of-term MG vehicles for Santander Consumer Finance UK.
Under the agreement, vehicles will be offered to MG dealers through a closed network, where they can be made available in a timed auction or “buy it now” basis.
Dealer Auction, where MG already has a closed digital network, will be responsible for processing and preparing the vehicles through its partnership with Manheim.
The vehicles will then be on sale the instant they are processed, and buyers will have the option to collect their vehicles from Manheim locations nationwide or have them delivered.
Peter Redfern, head of remarketing at Santander Consumer Finance, said: “We are very pleased to join forces with Dealer Auction. The opportunity to sell vehicles fast, to give trade customers a great buying experience while supporting MG to bring vehicles into its dealer network is a no-brainer.
“Prioritising the retail network helps protect residuals and will ensure there’s a ready flow of stock into the MG dealer group. Additionally, Dealer Auction’s digital auction format, its legion of motivated buyers and integrated physical services make this a winning proposition for Santander.”
Dealer Auction Chief Executive Le Etta Pearce said: “Our platform has been home to the MG brand for more than a year, so it makes sense for Santander to take advantage of Dealer Auction Remarketing Services for its MG vehicles.