Listed car seller AutoWallis’s vehicle sales edged down by approximately 2% year-on-year to 11,602 in the first quarter, falling on the performance of the wholesale division.
According to a report by MTI, citing data released by the company, sales of the wholesale division dropped 6% to 7,676.
KGM, Renault and Dacia sales were impacted by competing Chinese brands, AutoWallis said.
The positive effect of a respositioning of the KGM brand is expected to show up from the second quarter, it added.
AutoWallis’s wholesale division represents the brands Alpine, BYD, Dacia, Farizon, Isuzu, Jaguar, KGM, Land Rover, NIO, Nissan, Opel, Renault and Xpeng, as well as MG and Saab parts.
In the retail segment, AutoWallis’s new car sales increased 10% to 3,001, while used car sales slipped 1% to 925.
AutoWallis’s car rental business registered 48,824 rental days in Q1, up 12%.
AutoWallis mechanics booked 81,573 hours, 2% more than in the base period. AutoWallis’s rental fleet grew 5% to 3,981 vehicles.