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"2012 was a challenging year for MGUK. One of the key reasons is that the product portfolio was very narrow for MGUK in 2012.
"Therefore, MGUK was operating in a very narrow market in this period."
The first batch of 47 MGTF models built by the Chinese owned MGUK at the old MG Rover plant is a trickle which it is hoped will turn into a flood as production gets into full flow.
Sales and franchising manager for MGUK, Stephen Cox, said: "Every step of the return to production of MGs at Longbridge has been avidly followed by enthusiasts and new customers alike.
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