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AAA Auto sales rise 24% yr/yr in fourth quarter

Prague-based used car seller AAA Auto Group, whose shares trade in the A-category at the Budapest Stock Exchange, sold 9,914 cars in the fourth quarter of 2010, up 24% from Q4 of 2009, the company reported on Tuesday.

AAA Auto attributed the rise in sales to the improved economic circumstances in 2010, noting that the company's sales have risen in month-on-month terms for eight consecutive months beginning in May.

AAA Auto's total sales were up 7% yr/yr to 39,531 in 2010, surpassing expected sales of equal or slightly less than those posted the previous year. (MTI-Econews)