Sales Won't Return To Pre-Crisis Levels Before 2015

BMI's view that there will be a slow and painful recovery in Hungarian new vehicle sales is playing out. Estimates from the European auto manufacturers association show that passenger cars sales in Hungary rose a modest 7.3% year-on-year (y-o-y) in H111, despite five consecutive years of contraction in the market. In contrast, the commercial vehicles segment showed better momentum, with the market shifting over 40% more vehicles in H111 compared with the same period last year.

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