Thanks to its presence in the region, the AutoWallis Group continued its steady growth in the first half of the year, increasing the number of vehicles sold by two thirds compared to the previous year. The Distribution Business Unit continued to drive growth, but the Retail & Services Business Unit also performed well.

Operating in the Central and Eastern European region, the AutoWallis Group continues to grow steadily after four consecutive years of record results. Recently, many countries in Europe, including our region, have experienced unfavourable economic trends, which have been reflected in the slowing down of economic growth and in some cases even a decline, but thanks to the diversified operations of AutoWallis, the Group continues to show robust growth, above the market average, quarter after quarter. Gábor Ormosy, CEO of AutoWallis Plc., said that the company, which is listed in the Premium category of the Budapest Stock Exchange, operates in a balanced manner: its presence in 15 countries, its wide range of wholesale and retail activities, through which the Group represents more than a dozen car brands, as well as the growing range of mobility services all contribute to growth even in a difficult economic environment. The CEO pointed out that more than half of AutoWallis’ sales now come from abroad on a sustainable basis, and the Group continues to focus on international expansion, particularly operating in a region where the growth prospects for the automotive market are favourable. He added that sales continue to be driven by the Distribution Business Unit, while for the Retail & Services Business Unit, the most dynamically growing area was services.

In the first half of this year, in the Distribution Business Unit sales almost doubled (+92.3%) to 20,500 pieces compared to the first half of 2022, which can be partly contributed to the acquisition of Renault Hungária last year (+5,998 pcs). At the same time, it is important to note that even without the acquisition, the segment grew by 36.1% (+3,843 pcs), with SsangYong again showing the strongest growth (+2,295 pcs, +64.3%), followed by Opel (+1,439 pcs, +22.6%). The Retail & Services Business Unit sold 4,178 new vehicles (+10.4%) and 956 used vehicles (+2%) in the first half of the year, significantly outperforming the decline in the Hungarian passenger car market. In the Service segment of the Retail & Services Business Unit, the number of service hours increased by 16.8% to 91,094, and AutoWallis has managed to continue its growth in short-term vehicle rental as well. Sixt, represented by the Group in Hungary, increased the number of rental events by 7.8 percent to 10,109 in the first half of the year, while the number of rental days rose by 3.8 percent to 86,618. Thanks to the acquisition of Nelson Flottalízing Kft. in February, long-term vehicle rental and fleet management services increased significantly, so the Group provided 3,281 vehicles to its customers in the first half of the year.

The AutoWallis Group sees dynamic sales growth in all areas in the first half of the year