Bulgaria's Second-Hand Cars Market Shattered by Crisis

Business | August 6, 2009, Thursday // 09:40| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria's Second-Hand Cars Market Shattered by Crisis The prices of second-hand cars in Bulgaria have dropped up to 4 times. Photo by news.stara-zagora.org

The economic crisis has led to the drastic fall of prices of second-hand cars in Bulgaria.

The prices of some model have dropped 4 times, and the average profit per car has declined from EUR 2 000 to EUR 500, according to a report of the BTA.

Second-hand car traders have complained that they were forced to make all sorts of discounts, and that customers had even suggested leasing agreements.

A trader importing second-hand cars from Germany is quoted as saying that the prices of second-hand cars would continue to fall since the number of the likely buyers was actually smaller than the number of the cars being imported.

Most of the second-hand cars in Bulgaria come from Germany and Italy. The ones from Germany are the object of the highest demand since they are known for their good maintenance. The Italian-imported second-hand cars are about EUR 200-300 cheaper.


Business » Be a reporter: Write and send your article
Tags: second-hand, car market, Germany, Italy, Global Financial Crisis
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria