New Car Registrations & Used Car Sales in Hungary Up Significantly

  • 22 Nov 2024 10:02 AM
New Car Registrations & Used Car Sales in Hungary Up Significantly
The number of new passenger car registrations in Hungary rose 19.1pc year-on-year to 10,034 in October, data compiled by the European Automobile Manufacturers' Association (ACEA) show.

Hybrid electric and plug-in hybrid vehicles accounted for 50pc of sales, cars with petrol engines made up 30pc and vehicles with diesel engines 13pc. Fully-electric vehicles accounted for 6pc of sales.

Sales of fully-electric vehicles fell 1.9pc to 636 during the period.

In January-October, new car registrations in Hungary rose 8.4pc year-on-year to 99,0842.

Used car sales up 12pc in October - JoAutok.hu

Used car sales in Hungary rose close to 12pc year-on-year to 81,100 in October, listings site JoAutok.hu said on Thursday, citing figures compiled by DataHouse.

Sales in November could beat the record 825,000 in 2022, JoAutok.hu said.

JoAutok.hu CEO Bertalan Halasz said some buyers had been diverted to used car purchases by the deteriorating incomes of the previous years.

The weakening of the forint's euro exchange rate attracted some of those who earlier planned to buy imported used cars, and lower interest rates had also boosted purchases with credit, he added.

For the period January-October, used car sales increased 11.4pc year-on-year to 766,200. Sales of imported rose 4.0pc to 92,900.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here.

  • How does this content make you feel?

Explore More Reports

  • Used Cars Sales Rise 4% in January

    Used Cars Sales Rise 4% in January

    • 21 Feb 2023 11:18 AM

    Used car sales in Hungary rose by an annual 4% to nearly 69,000 in January, listings site JoAutok.hu said on Monday, citing figures compiled by Datahouse.