Imported used car registrations climb 7% in Jan

Automotive

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The number of imported used cars registered in Hungary rose 7.2% year-on-year to 10,606 in January, listings site JoAutok.hu said on Thursday, according to a report by state news wire MTI.

JoAutok.hu CEO Bertalan Halász said that the delay in the deliveries of new cars caused by the global chip shortage is diverting some demand to the used car market.

The most popular imported used car brand in January was Volkswagen, accounting for 11% of all registrations. Opel was runner-up, with 10% market share, followed by Ford with 9%.

Used car imports could reach as high as 140,000 this year, JoAutok.hu projects, up from 132,000 in 2021.

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