Hungary Autos Q1 2020
We forecast total vehicle sales to grow by 7.1% in 2020 after an estimated 11.0% increase in 2019. A tight labour market,characterised by record-low levels of unemployment and rising wage growth will continue to support expansion in householdconsumption levels and appetite for 'big-ticket' items, such as a new vehicle. Furthermore, the country presents an attractiveinvestment destination, evidenced by Audi's latest investment into expanding the production capacity of its plant in Győr.
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