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Auto Hall Group turnover down 12%

Turnover of the Auto Hall group, specialized in the industry and marketing of multi-brand vehicles in Morocco, reached 2.11 billion dirhams in the first six months of 2019, down 12% from at the same time a year ago.

Overall sales in units also fell by 15% to 9,584 units including 4,892 sold in the second quarter, the group said in a statement, reporting a 24% decline in sales of Q2-2019 to 1.07 billion dirham.

Evoking a context marked by a decline in markets and the impact of Auto Expo which boosted sales in 2018, the group said that the implementation of appropriate actions should allow to achieve a margin equivalent to that of S1- 2018. In addition, Auto Hall continues to invest in the development of the distribution network with the completion of the construction of two new branches in Beni Mellal and Taroudant.

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