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Sales in Hungarian Retail Shops Up by 15.8%

Jun 3, 2022

In April 2022, the volume of sales in retail trade in Hungary increased by 15.7% according to raw data and by 15.8% when adjusted for calendar effects compared to the same period of the previous year, the Central Statistical Office reports. In April, calendar-adjusted sales volumes rose by 7.1% in specialized and non-specialized food shops, […]

Hungarians' Favorite Car Models

Mar 8, 2022

Although the Suzuki Vitara has been the market leader among new cars in Hungary since its launch in 2015, the Opel Astra, another model with Hungarian roots, is the favorite in the used car market. Not only did it top the list of domestic changes of ownership and second-hand imports in 2021, it also registered […]

Record Highs on the Used Car Market in 2021

Jan 20, 2022

According to preliminary data, the domestic used car market saw an all-time high of almost 819,000 cars changing hands last year, up 3.4% from 791,000 domestic transfers the year before. This means that the domestic market for used cars has doubled in less than a decade, JóAutó told MTI on Thursday. The growth of the […]

Euronics: Sales Up over 11% in 2021

Jan 20, 2022

The retail sales at the technical goods chain Euronics in Hungary increased by more than 11% to HUF 71 billion last year compared to the previous year, the highest annual turnover in the history of the chain, the company told the state news agency MTI on Thursday. According to the Hungarian-owned company, sales through the […]

Sales in Retail Shops Up by 5.7%

Dec 4, 2021

In October 2021, the volume of retail trade in both raw and calendar-adjusted data was 5.7% higher in Hungary than in the same month of the previous year, the country's Central Statistical Office reports. In October, calendar-adjusted sales volumes rose by 3.4% in specialised and non-specialised food shops, by 6.3% in non-food retailing and, as […]

A Lot of Shops Have Disappeared in Hungary

Oct 2, 2021

Over the past five years, 18,000 shops have closed in Hungary, leaving a retail network of 116,000 shops at the end of last year. And there are huge differences in daily spending across the country, the business news site reports. The number of retail outlets including tobacco shops has decreased significantly in recent years, […]

3.0% Annual Growth in Retail Sales in Hungary

Sep 3, 2021

In July 2021, the volume of sales in retail trade increased by 2.5% according to raw data and by 3.0% when adjusted for calendar effects compared to the same period of the previous year. According to figures published by the Central Statistical Office this Friday, calendar-adjusted sales volumes rose by 3.7% in specialized and non-specialized […]

Surplus in Hungarian External Trade of Services

Aug 30, 2021

In the 2nd quarter of 2021 service exports calculated in EUR increased by 21%, while its imports decreased by 3.4% compared to the same quarter of the previous year. The surplus was EUR 1571 million, EUR 983 million more than in the 2nd quarter of 2020. As reported by Hungary's Central Statistical Office (KSH), the […]

Consumer Behavior During the Pandemic

Apr 26, 2021

Turnover data at Vivre, an online retailer for home and lifestyle in Central and Eastern Europe, show important changes in consumer behavior in the year after the pandemic outbreak (March 2020 - March 2021) compared to the same period last year. This change was observed of Vivre customers in all nine countries where the company […]

Used Car Prices Shoot Up in Hungary

Apr 20, 2021

Search statistics on the used cars website Használtautó.hu show that in the pandemic situation, more and more people are looking to buy a car. In addition to rising prices, there is an increasing interest in cheaper models. The domestic car fleet, which is on average 14.7 years old, can only be renewed – in part […]

SPAR: More Private Label Brand Items on the Shelves

Apr 12, 2021

Today, Spar Hungary sells a total of 3,600 own-brand products in its stores in 31 product categories in Hungary, and this year, the range will be further expanded, the store chain's communications manager, Márk Maczelka said on Monday. It is planned that 300 new own-brand products will be on the shelves, Márk Maczelka is quoted […]

Decreasing Used Car Imports

Apr 6, 2021

A total of 30,971 used cars were imported into the country in the first quarter, down 18% from the same period last year. In March, the decrease was 11%. Almost a third of imported used cars are made up of three brands: Volkswagen 10.6%, Opel 10% and Ford 9.7%. While nearly 40,000 used cars flowed […]

All-time Record Revenue at AutoWallis in 2020

Apr 2, 2021

AutoWallis has closed another banner year, with its revenue increasing by 17% to HUF 88 billion in 2020. However, the company expects even such a major expansion to be only a minor step ahead of the 2021 leap. Namely, the revenue of the stock exchange automotive company may present a nearly threefold increase when compared […]

AutoWallis to Acquire Most Modern Car Dealership

Mar 16, 2021

AutoWallis has announced it will gain possession of one of the largest and most modern BMW dealerships in Central and Eastern Europe, housed in a building boasting unparalleled architectural solutions. Having concluded an agreement on the acquisition of DALP Ltd., the company owning the property at 95 Hungária körút in Budapest, AutoWallis Plc., will be […]

Falling New Car Sales in Hungary

Feb 2, 2021

New car sales in Hungary started to decline somewhat in 2021: 12% fewer new cars were sold in the first month of this year than in January 2020, which was still epidemic-free. In January this year, 8,867 new passenger cars were sold, including 154 electric and 245 plug-in hybrid models, according to data by the […]

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