New car registrations fall 26% on base effect in Jan

Automotive

The number of new car registrations plunged 26% to 3,649 in January from the same month a year earlier because of a high base, the Hungarian Association of Vehicle Importers (MGE) said on Friday, citing data compiled by DataHouse. MGE said car sales rose sharply in January 2012 as buyers waited to make purchases until a reduction in the registration tax. The number of light commercial vehicle registrations fell 26% to 650 during the period. Heavy commercial vehicle registrations rose 87% to 297. Motorcycle sales were down 22% at 35.

ADVERTISEMENT

Policymakers Cut Central Bank Base Rate by 100 bp to 9% MNB

Policymakers Cut Central Bank Base Rate by 100 bp to 9%

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Half of Employees Dissatisfied With Salary HR

Half of Employees Dissatisfied With Salary

NAV Seizes Over 25,000 Liters of Alcohol Drinks

NAV Seizes Over 25,000 Liters of Alcohol

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.