• Home
• Channel: Shopping
• Hungary’s New Car Market Fell 54.5% In May

Hungary’s New Car Market Fell 54.5% In May

• 22 Jun 2020 8:02 AM
• Budapest Business Journal

Due to the coronavirus epidemic, the number of new passenger cars placed on the market in the European Union fell sharply in May, by more than 50%, rising to 54.5% in Hungary, says azuzlet.hu.

According to a report by the Association of European Automobile Manufacturers (ACEA) 581,161 passenger cars were registered in the 27 member states of the European Union in May, 52.3% less than a year earlier.


In better news, capacity has risen to 76.3% of the pre-COVID level in April from 55.1% in March. In the months leading up to the global outbreak, year-on-year declines of 7.4% in February and 7.5% in January were measured.

In the first five months of the year, 3,331,715 new cars were handed over to their owners in the EU, 41.56% less than a year earlier.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Car Market

XpatLoop Media Partner

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.

Explore More Reports

Tribal Market Budapest: Indie Shopping & Jungle Vibes, 19 September

• 2 Sep 2026 11:25 AM

Budapest’s creative and alternative scene comes together when Tribal Market returns with its Jungle edition this month. The free, dog-friendly outdoor event combines independent designers and makers, handmade products, DJ music and an evening party atmosphere beside the Danube.



Art Market Budapest: Region’s Leading Contemporary Art Fair, 15 - 18 October

• 31 Aug 2026 4:05 PM

Contemporary art enthusiasts and industry professionals take note: Art Market Budapest returns for its 16th edition this October 2026, solidifying its place as Central and Eastern Europe’s premier international art fair and one of the continent's most significant cultural gatherings.



Find Socialist-Era Treasures at Memento Park’s First Retro Market

• 19 Aug 2026 8:10 AM

Here's a great chance for expats to own pieces of Hungary’s past at the first-ever Retro Day at Memento Park on August 30. 



Greenwashing: Coca-Cola Hungary Agrees to Change Bottle Claims

• 18 Aug 2026 9:14 AM

The Hungarian Competition Authority (GVH) has launched simultaneous competition supervision proceedings against multiple companies for likely misleading consumers with claims about the environmental impact of their products on the labels of mineral water and soft drinks bottles and in other forms of commercial communication.