Hungarian automotive industry is recovering. May 2014 sales up 15%.

hungarian automotive industry

Hungarian automotive industry is recovering and in May the domestic new car passengers market grew a robust 15% from year ago. Opel and Ford keep fighting for leadership while Fiat in May jumped in 5th pushed up by 500 sales.

In the last fifteen years, Hungary was address of many car manufacturers interest that invested in manufacturing sites to assembly vehicles or engines, counting on high potential of domestic market and on geographic position, in the middle between Western and East Europe.

The total production in 2004 was for only 128.000 vehicles and grew up a record of 346.000 in 2008 before that the financial crisis hit the European demand and the domestic market fell down from 174.000 (in 2008) to 52.661 (in 2010). The recovery in the last three years was very slow and in 2013 the new vehicles market recovery only at 67.523 units, with local production fell at 222.000 units (2013).

2014 seems to be finally the year of rebound with first five months reporting a robust 20% increase.

In May 2014 accordingly with data released by  MGSZ – Magyar Gépjármű Szövetség, the Hungarian Associations of Car Manufacturers, total new Car Passengers sold have been 5.771, up 15.2% from year ago. Year to date May sales have been 26.775, up 20.7% from year ago.  

In May Opel was on top of the list with 958 sales and 16.6% of share, up 2.0 points from April. Year to date sales were 3.646 with share at 1.6% up 2.6 points from last year. Astra is the second best-selling model in the country.

Ford in second place retailed 794 cars with share at 13.8%, down 0.8 points from the previous month with cumulate sales at 3.464 and share at 12.9%, up 3.0 points from last year.

Skoda was third selling 685 units with 11.9% of share, up 0.4 points from April. Year to date it was fourth with 3.111 retails and 11.6% of share, up 1.0 points from year ago. The Octavia is the best-selling model in Hungary.

Volkswagen was fourth with 665 sales ahead of Fiat jumped in fifth from the 13th in April pushed by 500 demand.

In the interactive tables below you can sort thru the top brands and Best-selling models as you like:

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