In line with forecasts, AutoWallis’s sales have performed well in the first three quarters of the year thanks to both organic growth and the transactions concluded last year. The growth experienced by the Distribution Business Unit surpassed even the figures of the first half, managing to sell more than four times as many vehicles than in the same period in 2020, while the Retail & Services Business Unit sold almost three times as many. The trend was also good as regards services: both service hours and rental days more than doubled.
In the first nine months, the growth experienced by AutoWallis was in line with the objectives laid down in its updated strategy published in September. Although the chip shortage in the car manufacturing industry affected sales areas and brands to varying degrees, the company continues to consider the updated forecasts for 2021 to be realistic. The number of vehicles sold by the company listed in the Premium category of the Budapest Stock Exchange increased by 241%, to 18,792 units. Sales were exceptional in both of the company’s business units, with the Distribution Business Unit and services and car rental services within the Retail & Services Business Unit performing exceptionally well. The Distribution Business Unit sold more than four times as many (+325%) vehicles for a total of 12,386 units, primarily thanks to the increased figures of the Opel and SsangYong brands in Q3. The Retail & Services Business Unit saw the sale of 5,201 new and 1,205 used vehicles, equal to growths of 185% and 55%, respectively. (The Hungarian passenger vehicle market grew by 5.9%*) The latter experienced less dynamic growth because the increase in inventories was unable to keep pace with the growth in demand for used vehicles resulting from the chip shortage. The Retail & Services Business Unit experienced significant growth: the number of service hours more than doubled to almost 100 thousand hours. The beneficial trends also continued in the area of car rentals. The fleet of Sixt, represented by the AutoWallis Group, grew by 29% and increased the number of rental events by 51%, with the number of rental days undergoing an ever sharper rise of 101% to 123,016 days, showing a significant improvement in effectiveness.
* Market data by DataHouse.