Bulgaria's New Car Market Registers 9% Increase in 2014

Business » INDUSTRY | October 17, 2014, Friday // 12:27
Bulgaria: Bulgaria's New Car Market Registers 9% Increase in 2014 File photo.

In September, the EU market for new passenger cars expanded for the thirteenth consecutive month, totalling 1,235,501 units, the latest report released by the European Automobile Manufacturers Association.

According to the survey of ACEA, the sales of new cars in Bulgaria in September registered a slight increase of 0.6% annually to 1,567 units after a decline of 0.8 percent in August.

For the first nine months of the year the registration of new cars in Bulgaria increased by 9% to 15,150 automobiles from 13,898 units in the same period of 2013. According to this indicator Bulgaria takes the sixteenth place among all EU members.

Substantial growth prevailed in all major markets, Spain (+26.2%), France (+6.3%), UK (+5.6%), Germany (+5.2%) and Italy (+3.3%) leading to an upturn (+6.4%) across the region as a whole.

From January to September, the EU market for passenger cars increased (+6.1%) compared to the first nine months of 2013, mainly caused by the significant growth recorded in Spain (+17.2%) and the UK (+9.1%). Likewise Italian (+3.6%), German (+2.9%) and French (+2.1%) markets expanded.

New passenger car registrations in the EU totalled 9,572,259 units over the period.

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