AutoWallis retail sales continue to boom
The performance of the AutoWallis Retail Business continues to be above the market average, after increasing its new vehicle sales by 18 percent. In the wholesale area, sales have been continuously expanding again since last autumn. In terms of mobility services, the fleet size increased by 15 percent, while the number of rental events jumped significantly due to last year’s acquisition of wigo carsharing.
The AutoWallis Group’s Retail Business increased its sales of new vehicles in the first half of the year, significantly exceeding the Hungarian and regional averages: they increased by 17.9 percent to 4,924 units, while the number of passenger cars put into circulation in Hungary increased by only 11.9 percent*. Used car sales jumped even more, by 26 percent to 1,205 units, while the number of service hours in service services belonging to the business increased by 6.1 percent to 96,626. All in all, the dominant car trade and mobility service provider in the region closed a very strong half-year in the retail area.
Related news
Target price increased to HUF 225 and buy recommendation for AutoWallis shares
In addition to maintaining the buy recommendation, MBH Investment Bank…
Read more >Concorde and OTP both recommend AutoWallis shares for purchase with an increased target price
Following Concorde Securities, OTP Bank also updated its analysis of…
Read more >AutoWallis strengthens its Czech retail presence with the largest acquisition in its history to date
With the largest acquisition in its history to date, AutoWallis…
Read more >Related news
In the Shadow of Price Margin Caps: Easter Shopping in Hungary, 2025
This year’s Easter shopping season in Hungary was less about…
Read more >Disrupted market, uncertain future – foot-and-mouth disease epidemic could have serious consequences
The outbreak of foot-and-mouth disease (FMD) in Hungary has triggered…
Read more >Easter trends: what are shoppers looking for this year?
Last March, before Easter, nearly 90 thousand boxes, i.e. almost…
Read more >