New car registrations fall 12% in January

Automotive

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,

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