Imported used car registrations climb 7% in Jan
Image by Shutterstock.com
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.
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.