Automotive

Automotive

Vechicle sales at AutoWallis rocket in Q1

Thanks to six transactions concluded last year, the sales figures of AutoWallis have increased significantly: based on first-quarter data, the...

Automotive

Ford opens Regional Parts Center in Biatorbágy

Ford opened its Regional Parts Center in Biatorbágy (about 17 km east of Budapest) this week, according to a press...

Automotive

Used car imports down 18% in Q1

Imports of used cars fell by 18% in Hungary in the first quarter of 2021 in a year-on-year comparison, according...

Automotive

Ford expands SSC capacity in Hungary

Ford Motor company on Wednesday announced the establishment of Ford Business Solutions Europe in Budapest, according to a report by...

Automotive

Johnson Electric to shut down Ózd plant

Johnson Electric on Tuesday said it plans to shut down its automotive parts factory in Ózd (about 123 km northeast...

Automotive

AutoWallis buys one of the most modern car salons in CEE

AutoWallis will gain possession of one of the largest and most modern BMW dealerships in the CEE region, a salon...

Automotive

Automotive sector output fell 27.5% y.o.y. in January

The output of Hungary's automotive sector, usually an engine of industrial growth, fell 27.5% year-on-year in January amid a global...

Automotive

Imported used car sales fall 19% in February

Sales of imported used cars in Hungary fell 19% year-on-year to 10,566 in February, listings portal JoAutok.hu said on Thursday,...

Automotive

Hungary, Israel to partner on autonomous vehicle research

Hungary and Israel will launch a joint program to support autonomous vehicle research in the second half of 2021, the...

Automotive

20,000 families bought cars with gov’t subsidy so far

So far, 20,000 families have purchased a car with the government subsidy for big families, Minister for Families Katalin Novák...

Automotive

Tire sales down in Poland last year

Throughout 2020, tire manufacturers and importers in Poland recorded drops in sales to the market reaching an average of 13%...

Automotive

Magyar Suzuki sells nearly 1,500 new cars in January

With 1,473 passenger car sales registered, carving out a 16.61% share of the domestic new passenger car market, Magyar Suzuki...

Automotive

AutoWallis sales up 33% y.o.y. in 2020

Listed automotive company AutoWallis’s vehicle sales grew by 39% in 2020 compared to the previous year, with the company’s service...

Automotive

Mercedes-Benz leads premium segment in Hungary

Sales of new Mercedes-Benz passenger cars in Hungary reached 4,501 last year, making it market leader in the premium segment,...

Automotive

New car registrations fall 12% in January

New passenger car registrations in Hungary fell 12% year-on-year to 8,867 in January, the Hungarian Association of Vehicle Importers (MGE)...

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...