Hungary 2016

Hungarian Cars Market

Hungarian car market raised for the sixth year in a row fueled by growing demand and internal private consumption. Suzuki jumped on top of the list thanks to the Vitara and the rest of the range.

Market Outlook

The Hungarian economy lost steam and decelerated in Q3. GDP growth was dragged down by a sharp contraction in fixed investment and a slowdown in private consumption. The deceleration, however, is expected to be transitory as private consumption, the main engine of growth, is set to remain resilient.

Hungary’s economic outlook is promising. Loose monetary conditions, the stimulus plan announced by the government and higher overseas demand for Hungarian goods will boost economic growth this year and next.

The domestic car market raised in the 2016 for the sixth year in a row, further recovering from the deep fall of the 2008-2010.

However, the actual level stands still below 70% of the 2008 volume, not mentioning the all time record, peaked in the 2005 immediately after that the country joined the EU.

Indeed according to data released by the MGSZ – (Magyar Gépjármű Szövetség) – the Hungarian Associations of Car Manufacturers, the new car passenger’s sales sold had been 96.527, up 25.1% from the 2015

Competitive Arena

Suzuki raised on top of the market gaining 3 spots from the previous year with sales volume at 11.266 units (+50.2%) ahead of Ford with 9.519 units (+25.6%) and the last year leader, Opel, actually third with 9.375 sales (+6.1%).

The Suzuki Vitara was the best-selling model with 6.538 sales  (+35.9%) followed by the Skoda Octavia with 5.283 (+34.8%), the Opel Astra with 4.189 (+296%), the Ford Focus with 2.856 (+54.7%) and the Dacia Duster with 2.710 (+72.9%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 models.

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