AutoWallis vehicle sales continue to spin

By: Trademagazin Date: 2024. 10. 15. 09:06

The Retail Business of the AutoWallis Group increased its new vehicle sales by nearly 20 percent in the first nine months of the year, while used car sales increased by 32 percent. The Wholesale Business of the region’s dominant car trade and mobility service provider has been continuously increasing its sales since last autumn compared to the same quarter of the previous year, and in the third quarter it again reached a record. In 2024, AutoWallis expects sales data to significantly exceed last year, which is supported by both organic growth and the Czech acquisition completed in July.

AutoWallis’ vehicle sales may close another record year, after the Group, which is present in 16 countries of the Central and Eastern European region, sold 36,346 new and used vehicles, 4.1 percent more than last year, in the first nine months of the year. Among AutoWallis’ business divisions, the Retail Division showed the greatest growth, after increasing the sales figures of new vehicles by 19.7 percent to 7,196 units and by 31.8 percent to 1,905 units. The growth was supported by 6 percent by the acquisition of the three BMW dealerships of the Czech Stratos Auto completed at the beginning of July, as well as the sales data of the Renault and Dacia dealerships of AutoWallis in Budapest. Retail sales, which have increased by almost a fifth, continue to exceed Hungarian data, after the number of new passenger cars placed on the market in Hungary increased by only 7.3 percent*. In the case of service services belonging to the Retail Business, the number of service hours increased by 13.8 percent to 151,050 (nearly half of the increase, 6.6 percent, is due to the Czech acquisition).

In the Wholesale Business, sales have been continuously expanding again since last fall, the AutoWallis Group sold a total of 27,245 new vehicles, only 0.8 percent less compared to the same period in 2023 (the deficit was still 5.8 percent in the first half of the year). The slight decrease was caused by the predominantly technical decline of the first quarter, which was partly due to the base effect of the exceptionally high sales in the past (the last quarter of 2022 and the first and second quarter of 2023), and in the first half of this year due to the situation in the Suez Canal and the Red Sea, which increased sea delivery deadlines are explained together. SsangYong (-1,130 units) played a role in the apparent decrease (compared to the surplus of 1,709 units in the first quarter of 2023), which the other brands could only partially offset. The overall positive trend in the performance of the Wholesale Business is shown by the fact that, compared to the decrease in the first quarter of this year, in the second quarter from 9,277 units in 2023 to 10,729 units (+15.6%), while in the third quarter from last year’s 6,966 units to 7,934 units (+13.9 %) sales jumped.