Purchasing power of earnings has fallen, while there are many cars for sale
821,000 vehicles change hands
Interest was biggest in Ford Focus, Skoda Octavia and the Audi A4 models in 2023
Also records sharpest contraction in November
Despite all the challenges, turnover increased significantly in the second half of the year
New car registrations decline only in Hungary in January-October
Hungarian market bucks the trend
New registrations down in second quarter of 2023
Major growth in electric vehicle sales
Car purchase patterns examined in eight countries
Turnaround may be around the corner