Sales of the AutoWallis Group set new records in all divisions and areas in 2022, continuing down the path of dynamic growth with the aim of becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade, the Group said on the website of the Budapest Stock Exchange.
The vehicles sales and the number of service hours of the Group, present in 14 countries in the region, increased by a quarter last year, with even greater growth seen in vehicle rentals: the number of rental events increased by 44% and the number of rental days by 29%.
The AutoWallis Group closed a strong Q4 last year, meaning the sales of the company listed in the
Premium category of the Budapest Stock Exchange set records in all areas in 2022. The number of
vehicles sold by the AutoWallis Group last year increased significantly, by 25% for a total of
The greatest increase was experienced by the Distribution Business Unit, which grew the
number of vehicles sold by 34.4 to reach a total of 22,174. The acquisition of Renault Hungária,
carried out by AutoWallis jointly with the Portuguese company Salvador Caetano, played another
role in growth. The acquisition contributed to the increase in the last three months (+1,873 vehicles);
however, organic growth was 23% even without this transaction.
SsangYong played an important role in this growth, as the Korean brand saw sales jump by 99.4% (+3,638 vehicles). Last year, the Retail & Services Business Unit sold 7,314 new (+5.7%) and 1,815 used (+12.5%) vehicles, which figures were strengthened by the sales of Avto Aktiv starting from the second quarter.
The Slovenian company of the Group sells four vehicle brands in five cities, making it a major player on the neighboring country’s retail market, without which the sales of new and used vehicles would have dropped by 2.6 and 4.9%, respectively. These results are outstanding in light of the fact that the Hungarian passenger vehicle market experienced a slowdown of 8.54% last year.
Thanks to the strong diversification in AutoWallis’s strategy, the differences in the markets of the region’s countries can be balanced out even in the short term. The services field in the Retail & Services Business Unit saw an increase in service hours of 25.7% to 163,862 hours, with organic growth of 2.8% even without the acquisition of the Slovenian Avto Aktiv.
Sixt, represented by the AutoWallis Group in Hungary, increased the number of rental events by 43.9% to 22,525 and the number of rental days by 28.9% to 211,511 in 2022. Last year, the average fleet size grew by 45.4% to 877, thanks to improving tourism figures.
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