Record sales of second-hand cars in Hungary
The second-hand car market in Hungary reached a new record high in the second quarter. The most popular brand is Opel.
Used car sales in Hungary reached 374,300 in the first half of the year, up 14% from the same period a year earlier, sellersʼ website JoAutok.hu said on Friday, as cited by national news agency MTI.
Used car sales in Q2 reached 201,200 with annual growth of 16.8%, the highest quarterly figure since JoAutok.hu began taking records in Q1 2015. At the start of 2015 quarterly sales stood at 124,600.
Opel was the most popular used car brand in the first six months, accounting for a little more than 13% of total sales. Next came Suzuki with 9.9%, just ahead of Volkswagen at 9.8% market share.
Full-year used car sales could climb to 760,000 from 686,000 in 2017, JoAutok.hu said. The only factor likely to reduce sales is if the forint further weakens significantly against other currencies.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.