The rollercoaster ride of the Romanian new-car market

The rollercoaster ride of the Romanian new-car market

Author: Autovista24 November 13, 2024 Duration: 6:44
The Automotive Update by Autovista24
Business

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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Show notes The rollercoaster ride of the Romanian new-car market


Each week, the team at Autovista24 sits down to untangle the complex and fast-moving world of the car industry. The Automotive Update by Autovista24 is more than a headlines roundup; it’s a focused conversation that digs into the strategic shifts, economic pressures, and technological innovations reshaping automotive business. You’ll hear clear analysis on everything from electric vehicle markets and regulatory changes to supply chain developments and consumer trends, all delivered with a depth that goes beyond the news bulletin. This podcast serves as an essential audio briefing for professionals who need to understand the implications behind the week’s biggest stories. Tune in for informed perspectives that help make sense of where the industry is headed next, straight from specialists who live and breathe this landscape every day.
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