Economics

According to vehicle information company JATO Dynamics, prices of new cars in Hungary went down by an average of 3.9% yr/yr by the end of October, while in the other 19 European countries evaluated in the survey, prices went up by 2.7%. The main reasons for lowering car prices were lower demand compared to soaring car sales before the introduction of registration tax, fewer car loans taken out because of the population's higher debts and decreased wage value. Also, previous car loan structures with low starting payment had led to a significant amount of cars taken back by the sales companies and re-sold as used, suppressing both new and used car prices. (Vg 1) M.M.

Maleczki Miklos-->