Report: New car registrations grow y.o.y. 18%

Automotive

New passenger car registrations in Hungary saw a year-on-year rise of 18%, to 5,914, in February, with light commercial vehicle registrations increasing by a y.o.y. 31% to 1,242, automotive industry information service Jato Dynamics told Hungarian news agency MTI today.

As in January, Ford was the overall market leader in February, controlling approximately 13.4% of the market by selling a total of 969 vehicles. Skoda finished the month as leader of the passenger car segment with sales reaching 880. Fiat came in as leader of the LCV segment, selling 108 vehicles.

The market shows no sign of change with respect to the ratio of corporate and retail sales. Corporate sales account for 81% of new passenger car registrations while retail sales make up 19% of the total.

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