ADVERTISEMENT

New car registrations up 29% in May, says MGE

Automotive

New car registrations in Hungary rose 28.6% from a year earlier to 10,952 in May, the Hungarian Association of Vehicle Importers (MGE) said yesterday, according to Hungarian news agency MTI.

Sales of light commercial vehicles fell 6.3% to 1,611 in May. MGE attributed the decline to last yearʼs high base and the phasing out of the National Bank of Hungaryʼs Funding for Growth Scheme, a source of cheap credit for businesses.

Sales of heavy commercial vehicles rose 48.7% to 644. Bus registrations amounted to 34, up 54.5%. Sales of motorcycles were up 30.2% at 336. Sales of heavy trailers rose 25.9% to 423. MGE said it expects new car registrations to exceed 100,000 this year.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.