ADVERTISEMENT

Used car imports increased 13% in July

Automotive

According to DataHouse, 12,196 imported second-hand cars were put on the domestic market in July, an increase of 13% from the previous month and 61% from the April low, writes azenpenzem.hu. 

Compared to previous months, imports of used cars to the country jumped in July, but overall, this yearʼs imports are still significantly lower than last yearʼs.

At the same time, the decline in new car sales is much greater, so the average age of passenger cars running on domestic roads will continue to increase as a result of the epidemic.

Turning from new cars to used cars is a logical consequence of the uncertainty caused by the coronavirus.

Buyers spend more cautiously during this period, with a smaller proportion sacrificing more expensive new cars available, the economic website notes. 

ADVERTISEMENT

Varga: Q1 growth demonstrates ability 'to withstand crisis' Analysis

Varga: Q1 growth demonstrates ability 'to withstand crisis'

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Hungary Grande Partenza 'exceeded all expectations' - gov't ... City

Hungary Grande Partenza 'exceeded all expectations' - gov't ...

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.