ADVERTISEMENT

Porsche Hungária plans to sell 25,000 cars domestically in 2015

Automotive

Porsche Hungária expects to sell 24,000-25,000 cars in Hungary next year after selling 23,000 this year, managing director János Eppel said at a press conference on Tuesday. New car traders anticipate that the entire market of new cars and light commercial vehicle will reach about 105,000 in 2015 after rising more than 20% to exceed 93,000 this year, he said. Porsche Hungária expects sales revenue of HUF 260 bln-270 bln this year. Its spare parts base at Budaörs, in the outskirts of Budapest sold spare parts worth €100 mln, one third of which was sold in Hungary and the remainder to countries in the region. Eppel said that the growth appears to be sustained and "rather robust", noting that the Hungarian car market contracted 70% after the crisis. The network of distributors also shrank by 30%, he said, and consists of 81 legal entities, with 150 trader's and 175 service contracts at present.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.