Hungary’s Auto Showrooms Reopening In May

  • 14 May 2020 8:10 AM
  • Budapest Business Journal
Hungary’s Auto Showrooms Reopening In May
In the first four months of this year, a total of 38,841 new cars received license plates, down 17% from a year earlier, and this has also led to a decline in leasing companies, which finance 40% of car purchases, says uzletem.hu.

After the crash, the situation may improve in May as car showrooms reopen.

In both Europe and Hungary, sales fell sharply due to the epidemic, partly due to falling demand and the closure of car showrooms.

“That is why it is important that the car showrooms are back in operation from the beginning of May,” Zoltán Tóth, secretary general of the Hungarian Leasing Association, was quoted as saying.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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