Used car markets in Hungary and Ukraine show shifting trends

The used car markets in Hungary and Ukraine showed distinct shifts in September. In Hungary, the proportion of affordable used cars has decreased. Data from the Central Statistical Office and Használtautó.hu indicate that advertisements for vehicles priced under 2.5 million HUF fell to 34.6 percent, a 3.4 percentage point drop compared to the previous year. While the average price for all advertisements fell slightly to 5.46 million HUF, specific models like the Suzuki Swift saw a 25.8 percent price increase. Electric vehicles remained the most expensive category with an average price of 11.45 million HUF.

In Ukraine, the used car import market saw a contraction, with 21,500 vehicles imported in September, an 8 percent decrease from the same period last year. Gasoline-powered vehicles accounted for 52 percent of imports, up from 45 percent a year ago. Although electric vehicles remain popular, their market share in imports dropped to 18 percent from 29 percent the previous year. The Volkswagen Golf was the most popular imported model in Ukraine, with 954 registrations, followed by the Volkswagen Tiguan and Audi Q5. The average age of imported used cars in Ukraine was 8.7 years.