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Friday 13 September 2013

Hungary Autos Report Q4 2013:Automotive & Transportation Market Research Reports

Automotive & Transportation Market Research Reports
 
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Hungary Autos Report Q4 2013
Sep 11th 2013, 00:00, by rnrmahesh

Disappointing H113 new vehicle sales continue to bear out BMI’s increasing lack of confidence in the short-term outlook for the Hungarian new car sales market. Figures released by the European Automobile Manufacturers’ Association (ACEA) in July 2013 showed that passenger car sales were down by 2.2% over the first four months of the year, at just 27,160. Commercial vehicle sales performed even worse, down by 7.9% y-o-y, at just 6,923 units. Dragging the wider sector down was the very poor performance by light commercial vehicles, whose sales were down by 13.6%, at 4,653 units.

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