MGE: New car registrations up 32% in June
New car registrations rose 32% year-on-year, to 9,685, in June, the Hungarian Association of Vehicle Importers (MGE) said today, according to Hungarian news agency MTI.
In the first half of 2016, new car registrations rose 24% year-on-year to 45,959, MGE said.
Sales of light commercial vehicles were up 28% at 1,859 in June and climbed 24% to 10,121 in the first half of the year, according to the report.
Sales are growing faster than expected, MGE noted, adding that it could raise its projection for full-year growth.
Other findings from MGE:
- Sales of heavy commercial vehicles rose 20% to 499 in June and were up 3% at 2,632 in the first six months.
- Bus sales fell 20% to 32 in June and were up 9% at 224 in the first half.
- Motorcycle sales rose 20% to 305 in June and were up 12% at 1,383 in January-June.
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.