The number of imported used cars rose to 99,292 during the period but has been down from a year earlier since June, primarily due to the forint weakening.
Sales of fully electric cars jumped 47.8% to 3,437 and plug-in-hybrid sales increased 11.4% to 3,572.
Sales of light commercial vehicles dropped 19.3% to 14,050.
Heavy commercial vehicle sales rose 25.5% to 4,171.
MGE attributed the decline of the vehicle market to unfavorable international conditions. The war in Ukraine has led to shortages hampering production, there are disruptions to the supply chain of spare parts, delivery times have grown longer, and energy and vehicle fuel prices have soared in Europe, it said, also noting the effects of inflation and the weakening of the forint.
At the beginning of the year, before the war in Ukraine, MGE projected new passenger car registrations will edge up to 125,000 this year.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
