12.9.2003
Opel and Daewoo moving fast in Hungary

The two brands had a combined market share of 22.52% last month.

In the month of August, Opel became the Number One brand in the passenger car market in Hungary overtaking the local producer Suzuki. Opel sold 2,473 units and has gained a 15.9% market share for the month in the passenger car market. With the addition of the commercial vehicles sales of 216 units added, the total Opel sales in August reached 2,689 units - and that is over 10% more than that of Suzuki.

Opel, being traditionally very strong in Hungary, is heading towards another record year. In 2002, Opel sold 25,323 vehicles while in the first eight months of 2003 the total Opel sales already exceed 19,100.

Daewoo, the other brand in the GM family handled by the Opel Southeast Europe organization, did well with sixth position with 6.55% market share putting Daewoo ahead of Peugeot, Citroen, Ford and Toyota.

Since GM Daewoo officially started operations in November the success has been tremendous with 60% new dealers and sales growth of more than 15% in the first eight months of 2003 compared with the same period of last year.