Bulgaria's New Car Market Posts 25% Increase Over Four Months
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%).
- » CGN shows interest in Bulgaria's Belene Project
- » 12 University Majors Now ''Protected" by Government Order
- » Bulgarian Household Deposits Rise 7% Y/Y as of End-July 2016
- » Bulgaria's Producer Prices in Agriculture Fall 0.8% Y/Y in Q2 2016
- » Bulgaria’s Economy to Expand by 3% in 2016 - Industry Group
- » Russia Certifies Ural, Yamal to Fly to Bulgaria’s Burgas, Plovdiv from Moscow’s Zhukovsky Airport