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.

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