New car registrations fall in third quarter

Automotive

The number of new passenger car registrations in Hungary fell 7.4% year-on-year to 8,888 in the third quarter of 2018, the Hungarian Association of Vehicle Importers (MGE) said on Monday, citing figures compiled by DataHouse, as reported by automotive news site autoszektor.hu.

The number of light commercial vehicle (LCV) registrations rose 13.9% to 1,773, while the number of heavy commercial vehicle (HCV) registrations increased 13.7% to 604. New bus registrations were up 52% at 26. New motorcycle registrations increased 51% to 239.

For the period January-September, new passenger car registrations were up 26.5% at 104,617. New LCV registrations climbed 20.3% to 16,019 and new HCV registrations increased 21.3% to 5,054. New bus registrations edged down 2.4% to 445, but new motorcycle registrations increased 30.8% to 2,625.

There were 867 electric vehicles and 585 hybrid vehicles sold in January-September, nearly double the numbers in the base period.

The MGE noted that sales of electric cars are growing significantly, but still at small total numbers since potential markets are limited, autoszektor.hu reported. 

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.