The Hungarian Competition Authority (Gazdasági Versenyhivatal, hereinafter GVH) has published its market analysis study aimed at investigating the functioning of the new passenger car and LCV distribution and repair markets and the related insurance market in Hungary.
As a result of the market analysis, the GVH has recommended that consideration is given to the decrease of certain tariffs related to the registration and maintenance of new motor vehicles and the differentiation of the tariffs related to the registration of used cars.
The GVH has informed the Ministry for National Economy that it recommends (possibly by involving the supervisory authority) the return of the campaign period on the compulsory motor vehicle liability insurance market.
Beside the above-mentioned, the GVH has also made a number of recommendations to the market players: it recommends a closer follow up of the decisions of the GVH and of competition law practice.
The full study is available in Hungarian on the webpage of the GVH.
Budapest, 10 May 2017