AutoWallis Car Sales Climb 67% in H1

Automotive

Listed car seller AutoWallis's vehicle sales rose 67% to 25,634 in the first half from the same period a year earlier, state news wire MTI  writes, citing a preliminary report released on Monday.

Turnover of the wholesale division climbed 92% to 20,500 cars. In the retail segment, AutoWallis's new car sales increased 10% to 4,178, while used car sales edged up 2% to 956.

Growth was supported by AutoWallis's acquisition, together with Portuguese peer Salvador Caetano, of Renault Hungaria last year, adding 5,998 units to vehicle sales. However, even without the acquisition, sales of the wholesale division still rose 36%, supported by a 64% increase in sales of SsangYong vehicles.

AutoWallis CEO Gábor Ormosy said the company would "continue to focus on its expansion abroad, in a region where growth prospects on the car market are favorable". He added that the wholesale division would continue to drive sales growth, while services supported the growth of the retail business.

AutoWallis mechanics booked 91,094 hours in H1, 17% more than in the base period.

AutoWallis's car rental business generated 10,109 contracts, up 8%.

The number of vehicles in its fleet management business jumped 317% to 3,281. 

ADVERTISEMENT

Varga: Gov't Respects MNB's Independence MNB

Varga: Gov't Respects MNB's Independence

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Money Motion 2024: The Future of FinTech Unfolds in Zagreb Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.