Porsche Romania targets 500m euros

Porsche Romania, the biggest car importer on the local market, estimates a 500 million-euro turnover for this year, given an increase in its revenues from the service operations. “Car sales at Porsche Romania will rise at about to 5% – 10% in relation to the current market pace, but there will be a rise in terms of revenues from service, due to solid investments in our car dealer network,” says Brent Valmar, chief executive of Porsche Romania. The importer plans investments worth some 40-50 million euros in the car dealer network by the end of 2006, in view of Romania”s accession to the European Union. The company estimates to sell 37,750 cars this year, as compared to 32,000 cars last year. Just as for the car market as a whole, 2005 was the best year in the history of the domestic importer of the Volkswagen group, which announced over an 80% increase in the number of cars sold, a lot more than their initial expectations. “We had initially envisaged turnover standing at 380 million euros for last year, but the final figure amounted to about 400 million euros,” Valmar adds. ZF