Hungarian Tire Market Recovered Last Year

Automotive

Despite changing circumstances and inflation, the Hungarian tire market was able to strengthen last year, as sales indicators reached pre-coronavirus levels, writes profitline.hu. 

According to data for 2022 published by ETRMA (European Tire Manufacturers Association), an organization consisting of the largest tire manufacturers, including Bridgestone, the market demand for passenger car tires in Hungary reached almost the same level as in 2019. 

The sales figures increased in the first half of last year, while the association reported declining demand in the second half. 

Broken down by category, four-season tires achieved the most dynamic growth in 2022, which rose to 19% due to the change in the sales ratio of summer and winter tires. 

From the point of view of sales, the number of four-season sales also increased the most, by nearly 11% compared to last year, while summer sales remained stable at 1%, and sales of winter tires showed a 5% decrease.

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan Debt

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

2/3 of Hungarians Have Basic Expectation of Home Office HR

2/3 of Hungarians Have Basic Expectation of Home Office

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.