Automotive

Automotive

Hungary Protests Punitive Tariffs on Chinese EVs

National Economy Minister Márton Nagy said Hungary was opposed to "brutal" punitive tariffs on Chinese EVs announced by the European...

Automotive

Rába Properties Sell for HUF 780 mln at Auction

Real estate of Rába has been sold at auction for HUF 780 million, the listed automotive industry company announced after...

Automotive

Hungary Impacted by European Car Market Swings

The contradictory processes experienced in the European car market (this year's decline followed last year's strong upswing) also impacted Hungary,...

Automotive

Average HUF 56,400 Compulsory Vehicle Insurance Premium in Q1

Hungarian auto owners paid almost HUF 56,400, on average, for their annual compulsory vehicle insurance premiums in the first quarter,...

Automotive

Falling Revenue, Narrower Margins Put Rába in Red

Hungarian automotive industry company Rába booked a first-quarter loss of HUF 191 million as revenue declined and margins deteriorated, state...

Automotive

AutoWallis Unveils its Strategic Vision for Expansion up to 2028

AutoWallis is setting ambitious financial targets for 2028, aiming to double its revenue to HUF 750 billion and EBITDA to...

Automotive

New Car registrations in Hungary Climb 21.4% in April

The number of new passenger car registrations in Hungary rose 21.4% year-on-year to 10,402 in April, data compiled by the...

Automotive

Q1 Growth of AutoWallis’ New and Used Vehicle Sales Above Market Avg

Revenue growth at the AutoWallis Group’s Retail & Services Business Unit exceeded market averages to reach 9% in the first...

Automotive

Production at Szeged BYD Plant Could Start in 2025

Production at the EV plant China's BYD is building in Szeged (175 km southeast of Budapest by road) could start...

Automotive

Number of Vehicles With Green Plates Climbs Over 96,000

There were over 96,000 vehicles registered in Hungary with green number plates at the end of April, the Energy Affairs...

Automotive

New Car Registrations Climb 10% in Jan-Apr

The number of new passenger car registrations in Hungary rose 10.4% to 42,075 in January-April from the same period a...

Automotive

AutoWallis Devoting 2023 Profits to Financing Intense Expansion

The AutoWallis Group held its annual general meeting, where shareholders elected new members of the Board of Directors and then...

Automotive

Hungarian Gen Z Auto-buyers Prioritize Affordability

Although they are aware of climate change, Generation Z members in Hungary are less inclined to buy EVs or purchase...

Automotive

New Auto Registrations Rise 12.2% y.o.y. in March

The number of new passenger car registrations in Hungary rose 12.2% year-on-year to 12,895 in March, according to data compiled...

Automotive

AutoWallis Group Registers Strong Vehicle Sales in Q1

AutoWallis Group, is experiencing substantial growth with a 16% increase in new vehicle sales in Q1 2024, exceeding the 7%...

Automotive

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Automotive

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

Automotive

Navigating the Hungarian Auto Market: What Expats Need to Know

After years of hands-on experience advising expat friends and colleagues on 2nd-hand vehicle purchases, Christopher Csizmár founded CarSherpa, a pre-purchase...

Automotive

Bosch Pushes AI Deeper Into Vehicle Safety and Automated Driving

Bosch used its recent AI Symposium 2026 in Budapest to show how artificial intelligence is becoming a more concrete part...

Pirelli Cinturato Winter 3 Takes Top Honors in European Tests

As winter approaches, drivers face a familiar question: which tires can provide dependable performance when road conditions start to change?...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

BMW Debrecen Adds Third Shift to Meet Strong iX3 Demand

BMW is introducing a third shift at its Debrecen factory and moving to 24-hour operations to accelerate production of its...

AutoWallis to Launch Zeekr in Austria and Poland

AutoWallis Group will launch Zeekr, the premium electric mobility brand of Geely Auto Group, in Austria and Poland under a...

AutoWallis Remains Profitable in H1 Despite Challenging Auto Market

AutoWallis Group remained profitable in H1 2026 despite a challenging automotive market, weaker performance from traditional brands, one-off costs related...

Navigating the Hungarian Auto Market: What Expats Need to Know

After years of hands-on experience advising expat friends and colleagues on 2nd-hand vehicle purchases, Christopher Csizmár founded CarSherpa, a pre-purchase...

Hungarian Engineers to Contribute Expertise to Formula 1 Cars

Hungarian engineers will contribute their expertise to Formula 1 cars, Economy and Energy Minister István Kapitány said in a social...

Hybrid Listings Hit Record High on Used Car Market in June

Demand strengthened on Hungary’s used car market in June, while the average age of vehicles declined, according to the latest...

Bosch Pushes AI Deeper Into Vehicle Safety and Automated Driving

Bosch used its recent AI Symposium 2026 in Budapest to show how artificial intelligence is becoming a more concrete part...

AutoWallis to Use 2025 Profit to Support its Regional Growth Strategy Going Forward

AutoWallis Group has said it will retain its 2025 after-tax profit of nearly HUF 5 billion to support the implementation...