The rollercoaster ride of the Romanian new-car market

Will the Romanian new-car market’s rollercoaster ride continue? Ulmis Horchidan, Autovista Group’s head of valuations for Romania, Hungary, Slovenia, Slovakia, and the Czech Republic speaks with Autovista24 editor Tom Geggus in a new podcast.

Romania’s new-car market has experienced a rollercoaster ride so far this year. The first quarter saw a total of 33,228 units registered. This marked a decline of 10.1% compared to the 36,966 units recorded at the same point in 2023.

However, this decline was quickly turned around in the second quarter with a sales boom. Between April and June, Romania recorded 50,277 new car deliveries, up by 37% compared with the same period last year. This explosive growth was mainly driven by the government’s purchase incentive scheme.

Then in the third quarter, the market dropped again. A total of 32,004 new cars were sold between July and September. This equated to a drop of 13.5% from the 37,006 units registered in the third quarter of 2023. However, this dip could be temporary as the incentive programme comes back into play.

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