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Bulgaria's New Car Market Posts 25% Increase Over Four Months

Business | May 16, 2014, Friday // 14:12| Views: 9366 | Comments: 0
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Bulgaria: Bulgaria's New Car Market Posts 25% Increase Over Four Months File photo.

In April 2014, demand for new passenger cars in the EU increased for the 8th consecutive month, with a rise of 4.6% in registrations.

In April 2014, new passenger car registrations increased by 7.4%, totaling 4,336,013 units, according to the European Automobile Manufacturers Association (ACEA).

In April 2014, Germany was the only major market to face a downturn (-3.6%). All other significant markets contributed positively to the overall 4.6% expansion of the EU market, with growth ranging from 1.9% in Italy, 5.8% in France, 8.2% in the UK to 28.7% in Spain.

From January to April, all major markets posted growth, contributing to the overall 7.4% upturn of the EU market. The increase in passenger car registrations in this period ranged from 2.9% in Germany, 3.7% in France, 5.0% in Italy to 12.5% in the UK and 16.2% in Spain.

According to the survey of ACEA, new car sales in Bulgaria have registered an increase of 13.9% in April yoy to 1,632 units.

For the first four months of 2014, the registration of new cars in Bulgaria increased by 25.2% to 6478 units. According to this indicator Bulgaria ranked fifth among all 28 countries, and was surpassed only by Portugal with an increase of 43.7%, Lithuania (27.7%), Ireland (26.6%) and Poland (26%).

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Tags: European Automobile Manufacturers Association, ACEA, car sales, registration, Bulgaria
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