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Number of new cars put on road falls 56% in February

In February, 3,043 new cars were put on the road in Hungary, 56% fewer than in the same month a year earlier, the Hungarian Association of Vehicle Importers (MGE) said on Monday. The drop accelerated slightly from 54% in January.

The number of new light commercial vehicles put on the road in February fell around 60% to 508 and the number of motorcycles dropped 50% to 110.

Part of the reason for the drop was a high base, MGE said. In the first third of 2009, dealers offered buyers big discounts to reduce stocks.

On the other hand, the number of heavy commercial vehicles put on the road in February rose 12% to 171.

MGE sees new car sales starting to rise again from the second half of 2010.

In 2009, the number of new cars put on the road plunged 61%, while the drop was 51% for light commercial vehicles, 62% for large commercial vehicles and 54% for motorcycles. (MTI-ECONEWS)