Home » Business » “Autobrava Motors: Strong Financial Performance and Expansion Plans for 2024”

“Autobrava Motors: Strong Financial Performance and Expansion Plans for 2024”

“Autobrava Motors” as part of the international group of companies “Modus Group” sold more than 700 cars last year, worked with a turnover of more than 25.5 million euros, which is 49% more than last year.

In addition to excellent financial performance, the company has also invested in strategically important projects, supported local sports enthusiasts and invested in improving service equipment and daily administration systems.

“The past year “Autobrava Motors” has been full of events and challenges, however, it must be said that thanks to coordinated teamwork, it has been possible to achieve the set goals. We have continued stable cooperation with such cooperation partners as “K-Auto” and others. We are also pleased to announce that last year our company’s most popular vehicle “CUPRA Formentor” entered the TOP 5 of its car class, while the electric car “CUPRA Born” is the TOP 2 vehicle of its class. This year vividly reflects the company’s trends, which we plan to continue and develop this year as well,” says Uvis Braunfeld, head of sales at Autobravas Motors.

“CUPRA” is one of the car brands represented by “Autobrava Motors” in Latvia. According to the data of the 2022 Baltic States new car registration report, the market share of the “CUPRA” brand in Latvia is 2.43%, which shows the growing popularity of this brand. In addition, in 2024 “Autobrava Motors” plans to present two more new CUPRA models – CUPRA Tavascan and CUPRA Terramar.

In 2024, the company is planning a strategic expansion by opening a new showroom on one of the most visited streets in Pārdaugava – Kārļas Ulmaņas gatve, which will allow expanding the range of services of the company “Autobrava Motors” and its segmentation.

“In the new showroom, the largest CUPRA car showroom in the Baltics and Finland will be located in one place, as well as a wide exhibition of SEAT and other car brands, including the luxury Maserati brand car showroom. In addition to that, this building will also house a modern “Autobrava Used Cars” salon, which, contrary to the existing used car showrooms, will display the used cars indoors, providing them with a warranty and providing service,” says U. Braunfeld.

Last year, the company also invested in promoting employee competencies and improving daily work. “Autobrava Motors” has purchased new information technology (IT) and accounting systems for the convenience of employees, which are already improving the everyday life of employees, making it more efficient for employees and more convenient for customers. Also, following industry trends and rapidly growing electrification, last year the company also invested in the purchase of new service equipment, which allows for more convenient and efficient service to service customers.

2023-04-24 12:57:30
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