New passenger car registrations down 14% in March
New passenger car registrations in Hungary reached 11,478 in March, down 14% from the same month a year earlier, the Hungarian Association of Vehicle Importers (MGE) told state news wire MTI, citing figures compiled by DataHouse.
The number of light commercial vehicles registered in March came to 2,083, down 7% year-on-year.
For the period January-March, new passenger car registrations fell 5% to 32,670, while LCV sales dropped 10% to 4,690.
MGE said new vehicle registrations could fall 50% in April and May because of measures to contain the spread of the coronavirus, but added that the trend could reverse in the second half of the year.
ADVERTISEMENT
SMEs Augur Higher Sales, Profit Next Year
Hungary Open to New Double Taxation Avoidance Treaty With U....
Hungarian-born Physicist Ferenc Krausz Shares Nobel Prize
Summer Tourism Season Breaks Pre-COVIDÂ Record
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.
