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Hungary vehicle sales seen rising more than 7% in 2010

Hungary's motor vehicle market is expected to stabilize from the second half of 2010, and the Hungarian Association of Vehicle Importers (MGE) sees full-year sales rising 7.4% to 85,200, chairman Péter Erdelyi said at a press conference on Monday.

The association expects passenger car sales to rise 7.9% to 65,000 in 2010. It projects light commercial vehicle sales to grow 3.6% to 11,000 and motorcycle sales to climb 10.8% to 4,000. Sales of large commercial vehicles are seen growing 5.3% to 2,200.

Last year, sales of passenger cars in Hungary plunged 61%. Sales of light commercial vehicles dropped 51%, sales of big commercial vehicles fell 62% and sales of motorcycles were down 54%.

In good economic times, 120,000-140,000 vehicles are sold each year in Hungary, a number that could be seen again in 2-3 years, Erdélyi said. (MTI-Econews)