New car and light commercial vehicle sales in Hungary fell 64% to 5,297 in May from the same month a year earlier, the steepest drop ever, reported the business daily Napi Gazdasag.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Gabor Gyozo, chairman of the Hungarian Association of Vehicle Importers told the newspaper that sales in January-May period were about 50% down on the same period a year earlier, Sales are expected to fall even further in July-August, but a correction could be seen in October-November, he added.
About 85,000 cars and 15,000-20,000 vans are expected to be sold this year, he said.
Last year, new car sales fell 10 percent to 158,600 according to the Association’s data.
