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Hungary’s New Car Market Continued To Expand In March

Tamás Székely 2015.04.02.

New passenger car registrations in Hungary rose by 2% to 6,305 in March from the same month a year earlier, automotive industry monitor Jato Dynamics said. Light commercial vehicle registrations jumped 28% to 1,572 during the period. Just as in January, Ford was the overall market leader in Hungary, taking 13.6% of the market with 1,091 sales.

Opel led the passenger car segment with sales of 708, giving it 11.2% market share. The market shows no signs of change in respect of the ratio of corporate and retail sales, Jato Dynamics said. Corporate sales account for 77% of new passenger car registrations with retail sales making up 23%. The Hungarian Association of Vehicle Importers (MGE) said it expects passenger car sales to climb 15% to 75,000 this year.

Meanwhile economic news portal reported that German carmaker Daimler would increase its output further this year at its Mercedes-Benz plant in Kecskemét, Hungary, primarily over expanding exports to China and the United States. The facility has manufactured a total of 150,000 passenger cars of three models in 2014, said Thomas Geier, head of the plant, in an interview with state newswire MTI last week.

via, MTI and photo: