Hungary significantly decreased the manufacturing of buses but found a large assembly capacities of foreign brands (such as Mercedes-Benz, Suzuki, Audi, BMW, Skoda, SEAT, Volkswagen, Fiat, Ford, Chevrolet, Citroën, Peugeot, Renault and Opel) with annual production of more than 800 000 cars.

Some original car production in the Hungarian part of Austro-Hungary at the beginning of the 20th century was lost.

Post World War II socialist Hungary widely imported cars and trucks from the Soviet Union and some other countries. At the same time Hungary produced a small number of heavy trucks (Rába) and had strong specialisation in the Soviet block in manufacturing of buses (Ikarus), that made it one of the largest bus producers and exporters (including outside of the Soviet block and Europe). The Ganz Works, also a long lived Hungarian company, has been manufacturing engines and wagons that are specialised for electric railway equipment.