Subscribe to our social channels to get the latest news about Hungary!
Hungarian drivers are among Europeans least likely to own a new car model
Change language:
Hungarian drivers are among Europeans least likely to own a new car model, with just 19 new vehicles per 1,000 people being less than 2 years old, a recent study found. More interesting details below.
That’s according to Confused.com (Q1 2022), which analysed Eurostat(1) data to determine the European country with the highest proportion of new vehicles. The research suggests which country’s residents are most likely to choose a newer car over an old one.
Here are the results:
|
Country |
% of registered vehicles less than 2 years old |
Avg number of newer vehicles per 1,000 people |
|
Luxembourg |
24.50% |
90.54 |
|
Liechtenstein |
14.57% |
52.47 |
|
Lithuania |
1.93% |
51.32 |
|
Belgium |
22.69% |
47.51 |
|
Germany |
13.27% |
39.40 |
|
Austria |
18.90% |
38.67 |
|
Switzerland |
13.66% |
38.53 |
|
Denmark |
22.82% |
36.63 |
|
Malta |
6.53% |
36.45 |
|
United Kingdom |
14.51% |
36.09 |
|
Sweden |
17.37% |
35.15 |
|
Norway |
11.61% |
33.47 |
|
Cyprus |
4.65% |
32.57 |
|
France |
13.01% |
30.29 |
|
Poland |
4.57% |
29.36 |
Hungarian drivers are among least likely to own a newer car
Hungarian drivers rank 25th. Confused.com found that, on average, there were just 19 new cars per 1,000 people in Hungary, a 2% decrease from Croatia in 23rd (19.28 per 1,000 people). Equating to 5.29% of registered vehicles, this means that just one in 20 cars on the road in Hungary are less than two years old.
With an average of almost 91 new vehicles per 1,000 people, Luxembourg has been revealed as the country most likely to own a new car.
When compared to countries with a similar population size, this is almost 3 times more than Cyprus (32.57 new vehicles per 1,000 people). This means that almost a quarter (24.50%) of cars on the road in Luxembourg are less than 2 years old, the highest percentage in Europe.
Drivers in Liechtenstein are the second most likely to own a new car, with 52.47 new cars per 1,000 people. This is 42% fewer new vehicles per 1,000 people than in Luxembourg, but 36% more than their Swiss neighbours (38.53 new cars per 1,000 people). This means that almost 1 in 6 (14.57%) registered vehicles in Liechtenstein are less than 2 years old.
Lithuanian drivers place third. There are 51.32 new vehicles per 1,000 people in Lithuania, 77% more than similarly sized Slovenia (28.99 vehicles per 1,000 people). Despite this, Lithuania has the lowest percentage share of new vehicles in Europe (1.93%), a 39% decrease from their Latvian neighbours (3.19%).
Vehicle owners in Belgium are the fourth most likely to own the latest cars.
In total, there are 47.51 new vehicles per 1,000 people, a staggering 56% increase to their French neighbours (30.29 per 1,000 people). This means that almost 1 in 4 (22.69%) registered vehicles in Belgium are less than 2 years old – the third highest percentage in Europe.
Don’t forget we really also like high mileage cars – even if they’re quite recent! 100k km is “low”, right…
Considering the low wages most Hungarians are paid it is no wonder few can afford a recent vintage car. Many can barely afford the necessities of life. It is shocking how low Teachers and Doctors are paid. It is no wonder many young people go abroad to work.