Industry Developments

Hungary's automotive sector has continued its recovery in Q211. Around 23,110 new passenger vehicles were sold in Hungary in H111, an increase of 7.3% y-o-y. German firm Volkswagen's... 2011-08-25

Although the outlook for autos demand may not be looking very promising, there is significant optimism in Hungary's autos production and the supplier segments. Hungarian parts supplier... 2011-08-19

Fiat has given Tofas, its Turkish joint venture with local conglomerate Koc Holding, the rights to sell and provide post-sale servicing of Chrysler, Jeep and Dodge cars in the country... 2011-08-18

Recent efforts by the Slovakian government to win investment from Indian and Chinese companies in the hope of increasing vehicle production in the country seem to have fallen through.... 2011-08-17

Despite the weak outlook for autos production, Poland continues to attract investment from international suppliers. These highlight the significant advantages that Poland has over other... 2011-08-16

Russia's largest carmaker AvtoVAZ made a strong return to profitability in H111, thanks to a 41% year-on-year (y-o-y) increase in its revenue. The reversal has mainly been attributed... 2011-08-12

Although new car sales in Ukraine increased a robust 30% year-on-year (y-o-y), to 88,255 units, in the first half of this year - according to BMI estimates derived from Ukrainian autos... 2011-08-09

Autos production in Belarus is benefiting from the strong economic rebound in Russia, as evident from the near 44% year-on-year (y-o-y) increase in exports from the OJSC Belarusian... 2011-08-05

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... 2011-08-04

New passenger car sales in Romania fell over 13% year-on-year (y-o-y), to 31,758 units, in H111, according to estimates from the European autos association ACEA, as consumers showed... 2011-08-01