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New vehicle sales down 9.4% yr/yr in H1

Sales of new cars and sports utility vehicles were 9.4% down in H1 2005 compared to the same period last year, according to figures published by the Association of Hungarian Vehicle Importers yesterday, daily Magyar Hírlap reported. The H1 fall was larger than the Q1 yr/yr decrease of 7.4%. Dealers sold 94,642 new cars and SUVs in H1 2005, compared to 104,439 in H1 2004. Last year, a total of 208,044 new cars and SUVs were sold in Hungary, 0.2% fewer than in 2003, the first annual decline for ten years. Suzuki was again the market leader, selling 20,528 cars in H1 2005, based on wholesale figures.