Imported used car registrations climb 13% in Jan-April

Automotive

Image by Shutterstock.com

The number of imported used cars registered in Hungary rose 12.9% year-on-year to 45,973 in January-April, listings site JoAutok.hu said on Wednesday, according to a report by state news wire MTI.

JoAutok.hu CEO Bertalan Halász noted that the number of used car imports reached 10,659 in the month of April, falling from 12,831 in March, but said it's "unlikely to indicate a trend turnaround".

He added that the drawn-out war in Ukraine, accelerating inflation and the weak forint may have made potential buyers "more cautious, temporarily".

Higher demand, driven by supply problems on the new car market, will continue to be met by used car imports, he said.

Number of Thefts in Capital Edges Higher in 2023 Figures

Number of Thefts in Capital Edges Higher in 2023

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Hungary Labor Costs 3rd-lowest in EU HR

Hungary Labor Costs 3rd-lowest in EU

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.