The Hungarian automotive sector recorded a rise in terms of car sales in July. New car registrations in Hungary saw a year-on-year rise of 14.4% reaching 7,012 in July. According to the Hungarian Vehicle Importers Association (MGE) who cited information collected by Datahouse, the sales of light commercial vehicles (LCV) also increased to 5.1% reaching 1,313.
The Hungarian car market on an upward trend
This data reflects so far an upward trend on the Hungarian car market. Furthermore, the MGE confirmed its previous estimates regarding the full-year sales of cars. MGE expects sales of 75,000 cars and 17,000 LCVs on a national level, up to 15% and 6%, respectively, from 2014.
The automotive market in Hungary
is one of the main industries in Hungary
. Many important automotive companies
have chosen to invest in this country due to the many advantages Hungary offers
in terms of foreign investments
Report on the car sales registered in July in Hungary
The company that sold the most new vehicles in July was American Ford, with a 10.7% market share, according to the data compiled by JATO Dynamics.
In terms of new passenger cars, most Hungarians preferred the cars provided by the German car producer Opel. This company had a market share of 10.6% in July, being followed by Japanese Suzuki, Czech Skoda and German Volkswagen.
Investing in the Hungarian automotive market
The automotive sector is one of Hungary's main industries, generating about 21% of total exports. Therefore, Hungary represents a good option in terms of automotive investments.
If you are interested in investing in the automotive market in Hungary
, our company formation specialists
can provide you with legal assistance. Whether you want to start a new company in Hungary
or to expand your current business
in this country, we have the perfect solution for your needs.
Our company formation agents
are experts in company registration in Hungary
and can also help you choose the best type of company
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