Used Car Sales Rise 8% in October
Image by Shutterstock.com
Used car sales in Hungary rose 8.1% year-on-year to 73,700 in October, listings site JoAutok.hu said on Wednesday, citing figures compiled by DataHouse.
JoAutok.hu CEO Bertalan Halász said it was "too early to speak about a trend turnaround", pointing to the impact of household incomes and the slow pace of declining interest rates on demand.
He said full-year sales could be "a few thousand" over last year's 825,000 record.
In January-October, used car sales slipped 1.6% to 689,900. The number of imported used car imports fell 18% to 89,300 during the period.
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.