Ford strengthens market share in Hungary in 2020
Ford strengthened its market share in Hungary to 12.5% in 2020 thanks to strong performance in the commercial vehicles segment even though sales fell around 20% due to the effect of the pandemic, Ford Hungary said on Wednesday, according to a report by state news wire MTI.
Ford Hungary sold 18,782 new passenger cars and commercial vehicles in Hungary in 2020 compared to sales of 23,327 vehicles and a 12% market share a year earlier. In terms of units sold, sales increased by 18% in 2019.
Figures from Datahouse show the Hungarian market narrowed by 18.5% in 2020.
In the light commercial vehicles segment, Ford had a 31.95% market share in 2020 compared to 24% in 2019.
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