Chery Automobile of China signed an agreement with Grand Automotive for the representation of the Chery car brand in Hungary, the Hungarian company told MTI. According to the statement, sales are expected to start in late summer or early autumn with two SUV models, which will be available in conventional petrol and plug-in hybrid (PHEV) […]
Based on the decision of its Annual General Meeting, AutoWallis will not pay dividends, the amount available for this purpose will be placed in the profit reserve to support the company's growth strategy, the company told MTI on Friday. Shareholders approved the company's 2024 report and authorized the board of directors to increase the share […]
For the third year in a row, Toyota has been the market leader in Hungary, which is no coincidence, as the brand offers choice for all levels of society. The Japanese car manufacturer says no matter whether you're looking for a small city car, a family hatchback or a futuristic five-door vehicle, Toyota has a […]
The AutoWallis Group continues to expand with the BYD brand after opening the first BYD sales point in Hungary in Győr. The new showroom in NW Hungary will support the further growth of the leading integrated car and mobility service provider in the Central and Eastern European region, the groups said in a statement on […]
The Chinese vehicle manufacturer Geely's van brand Farizon has entered the Hungarian car market, and its first dealership, Duna Autó, has started selling two models, the exclusive importer AutoWallis and Duna Autó announced at a press conference in Budapest on Tuesday. Chinese automotive holding Geely owns a number of car brands, including Volvo and Lotus. […]
Toyota expects the new car market in Hungary to stagnate in 2025, but it is realistic to maintain its multi-year leadership by setting a new sales record and supporting this by repositioning the prices of its plug-in hybrid models, Toyota Central Europe Ltd., the company responsible for imports in Hungary, said in Budapest. According to […]
BMW's sales will be boosted next year by a new product portfolio, and the Hungarian importer expects the innovative Neue Klasse model, which will be launched in the second half of the year and will be produced at the German carmaker's new plant in Debrecen, to play a major role in this. Zoltán Gombos, Managing […]
The AutoWallis Group sold close to 8% more vehicles in 2024 compared to 2023, marking yet another strong year, the company announced on the website of the Budapest Stock Exchange. The number of vehicles sold by the group increased by 7.7% to reach 48,386. The Retail Business Unit saw the greatest increases, growing new vehicle […]
Ford has maintained its 15-year leading position in the Hungarian commercial vehicle market: in 2024, it sold 9,253 new vehicles, reaching a 27% market share, the company informed MTI in a statement. The brand is strong across the entire market and all segments, with dealerships in Hungary selling 14,128 new Fords in 2024, resulting in […]
Mercedes-Benz sales declined last year, mainly due to the sale of around a quarter fewer all-electric cars. The Mercedes-Benz Group sold 625,800 cars and commercial vehicles in the fourth quarter of 2024, 2% fewer than a year earlier. And the group's annual sales fell 4% to 2.389 million. Passenger car sales in the fourth quarter […]
Two-thirds of those planning to buy a car in Hungary would prefer to buy a used car, with the average car being older than 6 years, according to a representative survey conducted by Das WeltAuto online, which was reported to MTI. The survey involved individuals aged 18 and over who are planning to buy a […]
Toyota sold 18,122 new cars in Hungary in 2024, a historic record performance that gave the Japanese brand a 12.4% share of the total Hungarian market for new passenger cars and light commercial vehicles, Toyota Central Europe Ltd. informed MTI on Tuesday. The brand reported sales of 17,371 vehicles in the market cleared of withdrawals, […]
The end of last year saw a strong rally in the spread of green motoring, with the number of pure electric vehicles in Hungary rising to over 70,000 last year, according to a post on the Ministry of Energy's (EM) said on its social media page on Monday. According to the ministry's statement, last December […]
The market for passenger cars in Hungary showed a significant growth in 2024, with 121,607 such vehicles registered in the country in 2024, 13% more than in the previous year, the Hungarian Association of Motor Vehicle Importers (MGE) has told MTI. They noted that there has been an extraordinary growth in the electric car sector, […]
BYD, the Chinese manufacturer of all-electric cars categorized under the collective name New Energy Vehicles (NEV), is expanding its Hungarian sales and service network with three new dealerships, company announced in a statement sent to MTI. At the official signing ceremony in Budapest, Michael Shu, Managing Director of BYD Europe, signed an agreement with three […]
