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Sharp Rise of New Car Registrations in Hungary, Used Car Sales Climb Too This November

• 20 Dec 2024 8:20 AM

The number of new passenger car registrations in Hungary rose 28.4pc year-on-year to 10,647 in November, 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 rose 22.3pc to 648 during the period.

In January-November, new car registrations in Hungary rose 10.0pc year-on-year to 109,732.

Used car sales climb 11pc in November

Used car sales in Hungary rose 11pc year-on-year to 77,700 in November, listings site JoAutok.hu said on Thursday, citing figures compiled by DataHouse.

Sales in January-November reached 842,000, beating the record 825,000 in 2022, JoAutok.hu said.

JoAutok.hu CEO Bertalan Halasz said sales are likely to reach 900,000 this year as some buyers opt for used vehicles instead of new ones, demand is diverted from used car imports to domestic supply due to the weak forint exchange rate and purchases with credit have been boosted by lower interest rates.

Sales of imported used cars rose 4.1pc to 102,500 in January-November.

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

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