The full total revenue of AVTODOM Band of Companies for several forms of activities amounted to 31.3 billion rubles excluding VATin line with the results of the initial 1 / 2 of 2022.
- (1888PressRelease) August 26, 2022 – Sales of new cars take into account 47.6% of the business’s revenue. These amounted to 14.5 billion rubles excluding VAT for the initial six months of 2022. The business sold 1,903 new cars having an average cost of 7.9 million rubles per piece in the initial half of the entire year. 46% of these were sold with trade-in.
Sales of used cars come in second invest the structure of the business’s revenue. These occupies 29% of the full total turnover. That is 9.1 billion rubles without VAT. 3204 used cars having an average cost of 3.6 million rubles was sold in AVTODOM for six months.
Service and spare parts sales take into account 17.9% of the business’s revenue. This amounts to 5.6 billion rubles without VAT. The full total amount of standard hours exercised by the locksmith and body shops of AVTODOM amounted to 361 191 in the initial 1 / 2 of 2022.
Revenue from F&I takes 3% of the full total structure. That is 1 billion rubles without VAT. The share of sales of new cars in credit to individuals in AVTODOM was 32.8%. Casco penetration increased by 2 p.p. by the end of the entire year and reached 76%.
Sales of new motorcycles in the initial half of the entire year amounted to 768 units. 10% of transactions with individuals were utilizing credit programs. Sales of used motorcycles amounted to 244 units. The common price of a fresh motorcycle stopped at 1.42 million rubles. The common price of a used motorcycle was 1.58 million rubles.
The AVTODOM staff included 2208 employees by the end of June 2022.
Certainly, we have been seeing a shift in consumer fascination with used cars. That is because of the rise in charges for new cars also to the limited selection of new cars in dealerships. We pay special focus on the development of the car or truck sales and after-sales service segment in the next half of the entire year. We, as a backbone company in the market, are constantly searching for new supply channels. We continue steadily to replenish warehouses with new cars, used cars and spare parts. We have been developing the direction of the service. We launched the service of new brands for all of us at the locations of Avtodom Altufyevo, Taganka, Varshavka and Vostok. This enables us to attract a lot more customers. Now we have been actively negotiating with several Chinese automakers for the exclusive distribution of new brands in Russia. I am hoping we are in a position to announce these projects soon, – Andrey Olkhovsky, CEO of AVTODOM Band of Companies, said concerning the plans.
Indicators receive based on the summary data of management accounting of Avtodom JSC, subsidiaries and DC Altufievo LLC.
AVTODOM was founded in 1992. Today it really is among the largest automotive holdings in Russia. It focuses on sales and service of premium and luxury cars. 12 well-known world brands come in the AVTODOM portfolio. They are BMW, BMW Motorrad, MINI, Lamborghini, Porsche, Audi, Mercedes Benz, Volvo, Land Rover, Jaguar, AURUS, Ducati and KTM. The business is represented out there by 25 dealer centers, situated in Moscow, St. Petersburg and Krasnodar. AVTODOM is continually developing, actively expanding sales of used cars and supplying a full selection of financial services. It cooperates with reliable leasing companies and trusted partner banks.
The share of AVTODOM in core brands in the initial 1 / 2 of 2022:
BMW – 12.6% Moscow, 14.4% St. Petersburg
Audi 37.3% Moscow
Porsche 11.9% Moscow, 30.9% St. Petersburg
Mercedes-Benz – 23.3% St. Petersburg
Lamborghini – 100% Moscow and St. Petersburg
Jaguar Land Rover 13.8% Moscow
Volvo 7.6% Moscow