Car sales offer cautious optimism | The Budapest Times

Posted on 11 November 2012, Author: Attila Leitner

The 4,047 newly registered cars in October increased 15.3 per cent and in the first ten months of 2012 the number sold rose 16.2 per cent compared with the same periods in 2011, data published this week by automotive researcher Datahouse revealed.
These numbers do not include other types of vehicles such as buses and motorcycles but the year-on-year comparison remains positive at plus-6.8 per cent for the aggregate data as well. Based on the forecast of the Hungarian Car Importers? Association (MGE), the trend will continue until the end of the year and the overall market increase from 2011 will be above 10 per cent.

Volume well below necessary

?The data from the first ten months of the year is cause for cautious optimism even if the volume is still well below the necessary amount to keep the industry alive in its current form,? a statement from MGE said. It stressed that nearly 70 per cent of purchases came from companies and, because these are concentrated in the capital, dealers outside Budapest continue to be in a difficult situation. The total sold in 2012 will probably be slightly above the 50,000 mark, still below the nearly 60,000 cars registered in 2009 and nowhere near the pre-crisis number of around 170,000 in 2007.

Opel 1st, VW 2nd

Opel took first spot on the list of brands with a year-on-year increase of 26 per cent. Volkswagen slipped to second after suffering a similar drop.
Most brands reported increases with Suzuki doubling its mere 150 cars sold in the first ten months of 2011. This could be one of the reasons that despite announcing a request for bankruptcy protection in the United States, the Japanese car maker said it will add a new model and increase its Hungarian production from 155,000 to 180,000 in 2013. However, this will not affect the number of employees working in the Esztergom factory.

The 4,047 newly registered cars in October increased 15.3 per cent and in the first ten months of 2012 the number sold rose 16.2 per cent compared with the same periods in 2011, data published this week by automotive researcher Datahouse revealed.
These numbers do not include other types of vehicles such as buses and motorcycles but the year-on-year comparison remains positive at plus-6.8 per cent for the aggregate data as well. Based on the forecast of the Hungarian Car Importers? Association (MGE), the trend will continue until the end of the year and the overall market increase from 2011 will be above 10 per cent.

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Source: http://www.budapesttimes.hu/2012/11/11/car-sales-offer-cautious-optimism/

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