ADVERTISEMENT

Age of vehicles in Hungary continues to rise

Automotive

In spite of a marked increase in new vehicle sales, the average age of vehicles on Hungarian roads continued to rise in the first half of this year, state news agency MTI reports

The average age of vehicles climbed to 14.1 years at the end of June 2018 compared to 13.9 a year earlier, a summary of data published by the Central Statistical Office (KSH) shows.

The tendency can be observed across nearly all categories, with the average age of passenger cars rising to 14.2 years from 14 years. The average age of commercial vehicles is increasing by the same amount, to 13.1 years from 12.9 years, with the average age of trailers also up by 0.2 years, to 8.6 years. The average age of motorcycles is closing in on the two-decade mark, advancing to 18.5 years from 18.1.

Contrasting with this trend, the average age of buses fell to 13.5 years from 13.9, due in part to the effects of the launch of a national bus purchase program in 2016.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.