In August, vehicle registrations in Hungary grew by 39.43% with respect to August of 2017. In total, 15,202 cars were registered and 168,550 new cars were sold in the last twelve months, 25.69% more than the year before.
The breakdown of car sales figures for the month of August is:
- Commercial vehicles sold: 2,271, 14.24% more than in August of 2017.
- Passenger cars regitrations: 12,931, which represents a figure of 45.05% more than in August of 2017.
Hungary is the 43th-placed country in ranking of 137 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Hungarians residents, when compared to the other countries in the ranking, is the number of vehicles sold or registered per thousand residents in the last year. With annual sales of 17.24 cars per 1,000 residents, 1.55 of them in the last month, Hungary, occupies 42th place in the ranking.
As can be seen, the number of registrations per thousand residents has grown in the last year. The increase in this figure is positive, as it generally indicates improved public confidence in the country's economy.
Changes in Hungarian vehicle registration numbers are shown in the tables below. As several studies indicate, these changes are very much related to changes in GDP and, hence, to a country's economic situation. Sales have declined since 2008, as 186,128 were registered that year, as have the number of registrations per thousand residents, which that year numbered 18.53.
Here we show you the progression of vehicle registrations in Hungary. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Hungary in en Hungarian economy.