Here are the top 10 most profitable car dealerships in Georgia, based on 2022–2023 results.
Although Georgia does not have a domestic car manufacturing industry, automobiles remain one of the largest imported and re-exported goods. Recently, passenger cars accounted for 15% of total imports, with more than half re-exported, representing 36% of total exports.
- GT Motors
Margin: 20.1%
Profit: ₾59.2 million
Revenue: ₾307.6 million
Assets: ₾176.6 million
GT Motors has operated in Georgia’s automotive industry since 2007, officially representing BMW, MINI, Ford, Land Rover, Jaguar, and Suzuki. Giorgi Gvelesiani, Giorgi Tavdishvili, and Temur Ustiiashvili own the company equally. In 2023, GT Motors’ revenue grew by 68.9%, while profits increased by 55.7%.
- France Auto
Margin: 19.2%
Profit: ₾5.7 million
Revenue: ₾29.4 million
Assets: ₾19.0 million
Giorgi Tsnobiladze owns 95.24% of France Auto through a French-registered company. The company imports and sells Renault vehicles in Georgia. In 2023, the company saw modest growth, with revenue up 27.8% and profits up 31.8%.
- Auto Center Tbilisi
Margin: 15.7%
Profit: ₾5.5 million
Revenue: ₾36.1 million
Assets: ₾14.3 million
Auto Center Tbilisi represents the Škoda brand in Georgia, focusing on the corporate segment. Ownership is split equally between Zurab Tukvadze and David Gogorishvili. In 2023, revenue grew only 3%, while profits decreased by 3.1%.
- Kia Motors
Margin: 15.4%
Profit: ₾9.9 million
Revenue: ₾57.0 million
Assets: ₾31.9 million
The official distributor of the Korean brand Kia in Georgia is Kia Georgia LLC. Ownership is shared between Zurab Tukvadze (20%), David Gogorishvili (20%), Zurab Kordzadze (21%), Irakli Giorgobiani (15%), Ekaterine Tkhinvali (12%), and Rati Kovziridze (12%). Profits grew by 64.7% in 2023.
- Mercedes-Benz
Margin: 15.1%
Profit: ₾33.6 million
Revenue: ₾212.3 million
Assets: ₾93.5 million
Aka LLC, founded in 1996, operates in the sale and service of Mercedes-Benz vehicles. Ownership: Luiza Tavartkiladze (46%), Maka Asatiani (27%), Salome Asatiani (27%). Profits rose 78.2% in 2023, with revenue up 61.3%.
- Toyota Center Tbilisi
Margin: 12.6%
Profit: ₾25.2 million
Revenue: ₾254.0 million
Assets: ₾51.0 million
Founded in 1997, Toyota Center Tbilisi became Toyota’s first authorized dealer in Georgia in 1998. Owners: David Takidze (33.3%), Irakli Gurchiani (29.2%), Teona Takidze (12.5%), Lasha Guliashvili (12.5%), Giorgi Guliashvili (12.5%). In 2023, revenue rose 35.1%, while profits declined by 12%.
- Iberia Auto
Margin: 12.2%
Profit: ₾12.9 million
Revenue: ₾92.3 million
Assets: ₾57.5 million
Iberia Auto is the official importer of Audi in Georgia. Ownership: David Khechikashvili (40%), David Feradze (35%), Tamar Gvazava (15%), Snezhana Kotova (5%), Zurab Tukvadze (5%). In 2023, revenue increased by 15.7% and profits by 56%.
- LT
Margin: 10.3%
Profit: ₾27.9 million
Revenue: ₾243.4 million
Assets: ₾25.3 million
LT LLC, founded in 2017, is wholly owned by Swiss citizen Rauf Khalilov and is the official Lexus dealer in Georgia. In 2023, revenue grew by 119.7% and profits increased by 174.3%.
- Hyundai Auto
Margin: 10.2%
Profit: ₾14.1 million
Revenue: ₾100.3 million
Assets: ₾58.0 million
David Giorgobiani wholly owns Hyundai Auto LLC and represents the Hyundai brand in Georgia. Despite a 6% revenue decline in 2023, profits increased 109.8%.
- Tegeta Motors
Margin: 5.1%
Profit: ₾81.1 million
Revenue: ₾1,378.2 million
Assets: ₾958.8 million
Tegeta Motors has operated in Georgia since 2001. Temur Kokhodze owns 92.2% of the company, which employs over 2,600 people. In 2023, revenue rose 45%, while profits increased 97.8%.
Methodology:
The ranking is based on 2023 financial data sourced from the Accounting, Reporting, and Auditing Supervision Service portal, which provides financial and management statements. Profit margins are calculated as the ratio of pre-tax profit to revenue. The ranking uses the average of 2022 and 2023 figures. Companies included in the ranking were selected based on the availability of 2023 reports for Category I, II, and III enterprises (source: www.reportal.ge, as of 24.09.2025), with the main activity being car trading.
