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Number of new cars put on road plunges 44% in March

The number of new cars put on the road in Hungary plunged 44% to 4,260 in March from the same month a year earlier, data compiled by the Hungarian Vehicle Importers Association (MGE) and DataHouse show.

The number of new cars put on the road in January-March slipped 55% to 10,210, MGE said earlier.

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

MGE sees new car sales starting to rise again from June. (MTI-ECONEWS)