Hofmann Megaplan Blog
UK’s Fastest-Growing Car Brand Revealed
What do you think is the UK’s fastest-growing car brand? Perhaps it’s Kia - they’ve transformed from an undesirable budget brand into one of the world’s most innovative car manufacturers. The same goes for sister company Hyundai. Or perhaps it’s Tesla - you see so many on the roads nowadays.
Actually, it’s none of those. According to new figures released by the Society of Motor Manufacturers and Traders (SMMT), the UK’s fastest-growing car brand is… MG.
That’s right, MG Motor UK took this year’s ‘most improved’ crown in sales terms. It’s the second year of success in a row for the Chinese-owned brand, which sold an impressive 38,312 cars in the first nine months of 2022.
When you compare that figure against last year’s, MG’s market share has increased by a whopping 82% year on year.
Looking solely at September’s sales, this year’s figure was up 61% on the same month last year - a dramatic increase for a brand that finally seems to be gaining real traction here in Britain.
Although it’s named after the all-British sports car brand famous for the likes of the MG B and latterly the F and TF, the MG of today is an altogether different beast.
Owned by Chinese giant SAIC Motor, the MG of today boasts an affordable lineup of electric family cars, all of which come with a seven-year warranty - equalling that offered by Kia.
MG Motor UK’s Commercial Director, Guy Pigounakis, said: “The latest SMMT figures are extremely positive, reflecting the incredible growth we’ve achieved within the last 12 months.
“I have no doubt our new MG4 and MG5 models will be immensely popular with customers looking to make the switch to electric as we head towards 2023.”
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