Q1 new auto registrations fall 11% y.o.y.

Automotive

In the first quarter of this year, 28,690 new passenger cars were placed on the market in Hungary, 11% less than in the same quarter last year, the Association of Hungarian Motor Vehicle Importers (MGE) said, according to DataHouse, profitline.hu reports.

MGE's summary shows the automotive production market, including repair services, is going through the most difficult period in recent decades, with longer delivery times and occasionally changing equipment for higher prices for customers.

For the time being, the number of interested parties and customers in the Hungarian market has not decreased either, so the delay in deliveries has mainly caused the measurable decrease in the market.

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan Debt

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

2/3 of Hungarians Have Basic Expectation of Home Office HR

2/3 of Hungarians Have Basic Expectation of Home Office

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.