New car registrations down 21% in July

Automotive

New car registrations in Hungary dropped 21% from a year earlier to 12,045 in July, the Hungarian Association of Vehicle Importers (MGE) said on Monday, according to a report by state news wire MTI.

In January-July, new car registrations were down 25% at 67,725.

The number of new electric car registrations rose 6% year-on-year to 181 in July and was up 22% at 1,183 in the January-July period. The support the government made available for electric cars ran out in one day; extending this could further boost the market, MGE said.

MGE also said that imports of used cars still significantly exceed those of new ones, adding that 12,196 used cars arrived in the country in July and 77,280 in the first seven months.

ADVERTISEMENT

Budapest Named 5th Best City in Europe for Bargain Lovers Analysis

Budapest Named 5th Best City in Europe for Bargain Lovers

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality

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.