Car Deal Pappas Achieves Growth in Hungary

Published: March 3, 2012; 13:12 · (Vindobona)

The Austrian car dealer group could achieve sales of € 129.1m in Hungary. In spite of the economic crisis, sales climbed up by 12%.

Car Deal Pappas Achieves Growth in Hungary / Picture: © Mercedes Benz

The Salzburg-based group could record satisfying results in Hungary last year. Nevertheless, 2012 is anticipated to show a decline in sales by 6%. This is due to the adverse economic forecasts, the VAT increase from 25% to 27% and the high volatility of the Hungarian Forint.

In 2011, Pappas sold 2,077 cars (+9% against 2010) and 1,849 trucks (+32%). Pappas Austria has twelve…

This article includes a total of 67 words.

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