Automotive

Automotive

AutoWallis to Open New BYD Dealership in Debrecen

AutoWallis Nyrt. said it will expand its partnership with BYD, the world’s largest manufacturer of new energy vehicles, by opening...

Automotive

China’s BYD Opens 5 New Dealerships in Hungary

China’s BYD is further expanding its sales and service network in Hungary, opening five new dealerships in the fourth quarter,...

Automotive

Asking Price for Used Cars Edges Down in June

The average asking price for used cars on sale edged down to HUF 5.4 million in June from HUF 5.2...

Automotive

Used Tesla Model 3 Tops EV Market as Prices Drop 17% in H1

Hungary's used electric vehicle market saw a sharp price decline in the first half of 2025, with Tesla leading the...

Automotive

Magyar Suzuki Inaugurates HUF 9 bln Capacity Expansion

The local unit of Japanese car maker Suzuki inaugurated a HUF 9 billion capacity expansion and energy efficiency upgrade at...

Automotive

Lamborghini Tops Ferrari in Hungary’s Supercar Search Race, Says Használtautó.hu

According to fresh data from Használtautó.hu for H1 2025, Lamborghini models led in search popularity, though Ferrari claimed more spots...

Automotive

Construction of BYD Plant in Hungary ‘Proceeding on Schedule’

The construction of Chinese vehicle maker BYD's plant in Szeged is "proceeding on schedule", BYD Hungary told Hungarian news agency...

Automotive

KIA Hungary Targets 900-950 Electric Vehicle Sales This Year

Local sales of electric vehicles manufactured by South Korea's KIA could reach 900-950 this year, KIA Hungary head Norbert Nagy...

Automotive

AutoWallis Sales Rise 3.4% in H1 Boosted by Acquisitions

First-half sales of listed car seller AutoWallis rose approximately 3.4% year-on-year to 26,314, lifted by acquisitions, a preliminary report published...

Automotive

Audi Launches Serial Production of New Model in Hungary

German carmaker Audi launched serial production of its next-generation new model at its Hungarian base in Győr on Thursday, according...

Automotive

Continental Announces Name of September Group Sector Automotive Spin-off

Continental Group presented the new name for the spin-off it is creating from its Group Sector Automotive unit at the...

Automotive

BYD Raises the Stakes in Hungary, but Will Conditions Play in its Favor?

The EU’s automotive industry is fighting a war on multiple fronts, with tariffs emerging as the latest threat. Hungary’s economy...

Automotive

Italian Polymer Innovation Drives Automotive Dialogue in Budapest

Italian innovation in the automotive industry took center stage in Budapest on May 14, as the “Polymers and Compounds for...

Automotive

Hungary Strengthens Position as Automotive Hub in Europe

Hungary is solidifying its status as a key automotive hub in Europe, attracting significant investments and innovation projects from both...

Automotive

BYD Launches HUF 32 bln Expansion at Hungary Bus Plant

China's BYD laid the cornerstone of a HUF 32bn expansion at its electric bus manufacturing base in Komárom on Friday,...

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...