New car registrations fall 12% in January
New passenger car registrations in Hungary fell 12% year-on-year to 8,867 in January, the Hungarian Association of Vehicle Importers (MGE) said, according to a report by state news wire MTI.
MGE noted that 30% of those vehicles weren't put on the road for business reasons such as being tagged for re-export.
Sales of new light commercial vehicles reached 1,772 during the month.
Heavy commercial vehicle sales rose by 29% to 328, while bus sales declined 76% to 39.
Motorcycle sales increased 37% to 152.
Sales of imported used cars reached 9,893 in January. Sales of imported used LCVs stood at 926.
MGE projects a 10% increase in new car sales this year over last year's 140,000. It augurs a 13% rise in LCV sales to 25,000 and an 18% increase in HCV sales to 4,000,
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.