ADVERTISEMENT

New car registrations up 12% in November

Automotive

New car registrations rose 11.6% in Hungary, from a year earlier, to 6,590 in November, the Hungarian Vehicle Importers Association (MGE) said yesterday, citing figures from Datahouse.

In January-November, new car registrations rose 14.1% to 70,081.

MG projects 75,000 new car registrations for the entire year of 2015, 15% more than last year.

Light commercial vehicle registrations increased 15.9% to 1,867 in November from a year earlier. MGE projects that the full-year number of vehicle registrations in this category will reach 17,000, up 6% from last year.

Jato Dynamics said company purchases accounted for 79% of all new car registrations in November, with private car purchases making up just 21% of the total.

Ford was the most popular brand in November (including passenger cars and commercial vehicles), with a 12.2% market share.

In the category of passenger cars, Skoda was market leader with an 11.2% market share, followed by Opel, Suzuki, Volkswagen and Ford.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.