Auto showrooms reopening in May

Telco

Photo by Shutterstock.com

In the first four months of this year, a total of 38,841 new cars received license plates, down 17% from a year earlier, and this has also led to a decline in leasing companies, which finance 40% of car purchases, says uzletem.hu. 

Image by Shutterstock.com

After the crash, the situation may improve in May as car showrooms reopen.

In both Europe and Hungary, sales fell sharply due to the epidemic, partly due to falling demand and the closure of car showrooms.

“That is why it is important that the car showrooms are back in operation from the beginning of May,” Zoltán Tóth, secretary general of the Hungarian Leasing Association, was quoted as saying.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.