29,561 new passenger cars were registered in Hungary in the first quarter of this year, 1.2% more than in the same period last year, the Hungarian Association of Motor Vehicle Importers (MGE) told MTI on Monday. The professional organization assessed the growth as encouraging, indicating that this is mainly due to the improvement of the […]

The domestic market differs from the global one: while 18,355 new premium cars were sold in Hungary in 2022, an increase of 10.7% compared to the previous year, worldwide luxury car sales decreased by a few per cent. "The premium category is less price-sensitive, and purchasing power in this segment declines much later," executive chairman […]