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Half of Drivers in Hungary Use 16+ Year Old Autos

• 16 Nov 2023 10:27 AM
• Budapest Business Journal

Some 51% of Hungarian car owners use a car 16 years or older, which they bought for between HUF 1 million-3 mln Használtautó.hu announced, based on an online representative survey conducted in September with researcher GKID.

The average age of motor vehicles in Hungary is 14.5 years.

Based on the survey results, the average domestic car owner spends between HUF 50,000 and HUF 250,000 per year on maintenance, while waiting at least five years for a replacement.

Average car owners in Hungary would typically pay around HUF 3.8 mln for a gasoline or diesel used car that is no more than eight years old.

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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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