The AutoWallis Group’s vehicles sales has set yet another record after seeing an increase of almost half (+46.2%) in the number of sold vehicles, for a total of 34,925 units. The company’s organic growth is also significant, with last year’s purchase of Renault Hungária only adding to its dynamic. AutoWallis Plc. CEO Gábor Ormosy highlighted the fact that the new numbers continue to indicate that the growth strategy, amended with higher figures in 2021, is crisis-proof, with a number of points having since been exceeded on a pro rata basis; accordingly, the planned sales and business figures may be again revised upwards again in the first half of 2024. The CEO emphasized that AutoWallis now represents 22 brands, with more than half of its revenue permanently generated abroad, meaning its growth has not slowed despite the economic challenges of recent years and regardless of the fact that some of the 16 countries in the region in which the Group operates underperform from time to time. Although sales continue to be driven by the Distribution Business Unit, the Retail & Services Business Unit also boasts performance above the market average.

In the first three quarters of the year, the Distribution Business Unit’s sales have increased by almost two thirds (+63.9%) to 27,466 units compared to the first nine months of last year, which is in part due to last year’s purchase of Renault Hungária (+7,367 units). At 19.9 percent, the growth is significant even without this acquisition, with SsangYong continuing to show the best results (+3,038 units, +56.5%). In the first nine months, the Retail & Services Business Unit sold 6,014 new (+4.9%) and 1,445 used (+3.5%) vehicles, meaning its performance continues to significantly surpass the 2.2 percent decrease seen on the domestic new vehicle market. The services field in the Retail & Services Business Unit saw an increase in service hours of 9.3 percent to 132,736 hours. As regards short-term car rentals, Sixt, represented by AutoWallis in Hungary, increased the number of rental events by 5.8 percent to 18,250 while the number of rental days decreased by 7.5 percent to 149,177. Thanks to the acquisition of Nelson Flottalízing Kft. at the beginning of the year followed by the purchase of Wallis Autómegosztó Zrt. in August, which operates Share Now in Hungary, the mobility service vehicle fleet is four and a half times larger, allowing the Group to serve client needs with 3,915 vehicles (+3.049) in the first nine months.

* Market data by DataHouse.

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