Key Market Indicators
Hungarian commercial vehicle registrations are projected to decline slightly to approximately 142,600 units by 2028, down from around 144,400 units in 2023. This represents an average annual decrease of 0.2%. Despite this downturn, the Hungarian market has experienced significant growth since 2010, with an increase of 44.3% over the period. In 2023, Hungary ranked 25th in commercial vehicle registrations, with South Africa surpassing it with the same figure of 144,400 units. Leading the ranking were Canada, Mexico, and Argentina, taking the second, third, and fourth spots, respectively. Meanwhile, diesel truck sales are expected to grow modestly, reaching approximately $171.8 million by 2028 from $167.7 million in 2023. This translates to an average annual growth rate of 0.4%. The demand for diesel trucks has seen a slight annual decrease of 0.1% in recent years. In the global ranking for diesel truck sales, France, Italy, and Germany held the second, third, and fourth positions, respectively.
