November 22, 2017

Only One In Six Cars Were Sold By A Romanian Last Year

The last Romanians to hold companies with several tens or hundreds of millions of euros in turnover on the Romanian auto market are Ion Ţiriac, Gheorghe Dolofan and Michael Schmidt. Last years’ business reports show that on the Romanian market, one in six cars to be sold originated from one of the three businessmen. Last year they sold nearly 16,800 cars. The only business of the three that recorded significant sales increase was the one controlled by Michael Schmidt, who in 1994 brought BMW to Romania.  The Automobile Bavaria group recorded a nearly 23% increase in car sales.

Source of the news: Ziarul Financiar

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