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Hungary’s New Car Market Expanded In November

Tamás Székely 2014.12.02.

New car registrations in Hungary rose 19.2% year-on-year to 5,901 in November, the Hungarian Vehicle Importers’ Association (MGE) said, citing information compiled by Datahouse. In January-November, the number of new car registrations rose 20.1% yr/ yr to 61,399. The number of light commercial vehicles registered in November came to 1,613, up 8.2% from a year earlier.

Registrations in this category grew 40.3% to 13,951 in January-November. The number of heavy commercial vehicles registered in November fell 29.7% to 452, but registrations still increased in the January-November period, rising 2.3%. Despite the expanding car market, the number of motorcycle registrations came to just 1,797 in January-November.

Meanwhile the property market also shows the signs of recovery. Altogether 10,434 homes were sold in Hungary in November, up 49% from a year earlier, real estate broker Duna House’s fresh estimate shows. The number of homes sold was down from 11,692 in October, but up from 10,052 in September. Last time the number of annual home sales in Hungary crept above 100,000 was before the global economic crisis.

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