Used Car Imports Down Nearly 8% in August
Image by Shutterstock.com
Used car imports in Hungary fell 7.5% year-on-year to 8,977 in August, listings site JoAutok.hu said on Tuesday, citing figures compiled by DataHouse.
Used car imports were up 6pc from July, but still lagged behind the long-running 10,000-11,000 monthly average of previous years, the site noted.
In January-August used car imports fell 21pc year-on-year to 70,937.
A drop in real wages and higher interest rates affects this market particularly sensitively, but with the easing of inflationary pressure and a favourable change in the forint exchange rate, there is a chance of noticeable growth in the last months of the year, CEO Bertalan Halász said.
During the first eight months of the year, new car sales slipped 3% to 73,870.
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.