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Porsche Hungária dealerships in “danger zone”

About one-third of the 120 Porsche Hungária dealerships and service centers are in the “danger zone” because of the financial crisis, but, with the appropriate assistance, no more than 10% are expected to be forced to shut down, János Eppel, managing director said.

Porsche Hungária, which sells Volkswagen brands such as Audi, Skoda, Seat and VW in Hungary, is working out a financial-professional program to see it through the crisis without any big sacrifices, Eppel said. The company will prepare a liquidity program by mid-January to aid partners during the critical period. Some dealerships could weather the crisis by consolidating, he added.

Porsche Hungária expects to sell 35,000 vehicles in 2008, 10pc fewer than in 2007, Eppel said, answering a question. Next year, the company projects just 28,000 car sales, he added. (MTI – Econews)