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AutoWallis Acquires Slovenian BMW Dealership

D&T
June 22, 2020

Upon successfully closing the transaction of taking over the only BMW dealership in the Slovenian capital, the Hungarian automotive group AutoWallis enters the country’s automotive retail market, thus strengthening its presence in the Central and Eastern European region.

The Ljubljana BMW dealership, which is also the largest one in Slovenia, opened in 2006, and besides the sales and servicing of BMW vehicles, it is also involved in MINI after-sales services. The Hungarian automotive company that is listed on the stock exchange aims to increase the turnover and improve sales in Ljubljana, contributing to increasing the market share of BMW in the Slovenian market.

AutoWallis took over the dealership situated in a central location of Ljubljana from A-Cosmos d.d., after obtaining the necessary approvals from the relevant (primarily the competition) authorities. Besides the sales and servicing of new and used BMW vehicles, the local subsidiary of AutoWallis, WallisMotor Ljubljana, may also provide after-sales services to MINI vehicles in this site.

Gábor Ormosy, the CEO of AutoWallis, pointed out that with the takeover of the Ljubljana BMW dealership, AutoWallis would appear specifically in the international retail market for the first time, fulfilling an important element of its strategy announced last year. He added that they based their plans to improve the Ljubljana dealership on their experience from the past decades and the financial strength of AutoWallis. Péter Antal, member of the AutoWallis Board of Directors and General Manager of Wallis Motor, stressed that their aim was to improve the numbers, contributing to increasing BMW’s market share in the Slovenian market.

The group is engaged in the retail and wholesale of vehicles, parts, and accessories, in repair and maintenance services, as well as in short- and long-term vehicle rentals in 14 countries of the Central and Eastern European region, and it has been present in Slovenia as well, with Wallis Automotive Europe being the exclusive authorized representative of the Jaguar and Land Rover brands there.

Christopher Holger Puth, Managing Director BMW Group Slovenia and Regional Manager for Importer Markets Croatia, Cyprus and Malta, said that customer satisfaction and customer experience were among the BMW Group’s top priorities. Accordingly, the BMW Group aims to build a strong, reliable and futureproof dealer network. “We are happy to welcome AutoWallis in Slovenia. AutoWallis is a reliable and strong partner of the BMW Group, and we are confident that they will bring added value and exceptional customer care standards to our customers
in this market as well.”

The growth potential and economic indicators of the Slovenian market are similarly favorable as in the other 14 countries where AutoWallis operates, according to a press release published on the website of the Budapest Stock Exchange. The performance of the Slovenian economy is above the EU average: between 2014 and 2016, the average annual growth was 2.7%, while the GDP increased by 4.8%, 4.1%, and 2.4% in 2017, 2018, and 2019, respectively. Slovenia’s GDP per capita was USD 39,000 last year, which is 16.3% higher than that of Hungary, reflecting a favorable purchasing power. Over the past years, the number of new vehicles sold has continually increased: 50,091 new vehicles were registered in 2012, and 73,452 in 2019. BMW is a market leader among premium brands in the Slovenian market. In 2019, 1,560 new BMW vehicles were registered, 742 of these in the broader Ljubljana area.

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