New car registrations up 7.7% in April, says MGE
pixabay
New car registrations in Hungary rose 7.7% year-on-year to 8,681 in April, the Hungarian Association of Vehicle Importers (MGE) said yesterday, Hungarian news agency MTI reported.
Sales of light commercial vehicles fell 26.7% to 1,320. MGE attributed the big annual fall to the wind-down of the National Bank of Hungaryʼs Funding for Growth Scheme, a source of cheap credit for businesses.
Sales of heavy commercial vehicles were down 7.7% at 422, and bus registrations came to 32, up 14%. Sales of motorcycles dropped 28% to 291. Sales of heavy trailers fell 6.5% to 373.
MGE said it projects the registration of 102,000 new cars, 22,000 light commercial vehicles, 5,500 heavy commercial vehicles, 2,400 motorcycle and 500 buses this year.
ADVERTISEMENT
POPIHN Raises Forecast for Fuel Consumption
Hungarian Lawmakers Ratify Finland's NATO Accession
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.
