FX.co ★ Hungarian Car Registrations Soar by 13.7% Year-Over-Year in February 2024

According to recent data released on 21 March 2024, car registrations in Hungary have seen a significant increase in February 2024 compared to the same month a year ago. The current indicator shows a remarkable 10.4% growth, marking a sharp contrast to the previous month's decrease of 3.3% in January 2024.

This positive change indicates a strong rebound in the Hungarian automotive market, with a year-over-year increase of 13.7%. The surge in car registrations suggests improving consumer confidence and a boost in the overall economy of the country. The latest figures bring promising signs for the automotive industry in Hungary, reflecting a potential upward trend in car sales for the rest of the year.