Yes, as others have said it is definitely a 1932 MG M type.

My certainty is not so much the result of my knowledge of prewar sports cars as my being able to find my copy of the programme from the 2017 event and looking up number 38!

Incidentally VinMog has been able to secure some more hotel rooms for this year's event so if anyone would like to join them just go to https://vinmog.fr/en/events/montlhery-2019/

Quentin