Bulgaria's Passenger Car Sales Down in November

Business » INDUSTRY | December 15, 2016, Thursday // 18:28
Bulgaria: Bulgaria's Passenger Car Sales Down in November

Automobile sales posted a sharp year-on-year decrease in November, fresh data shows.

There were 1983 deals last month, according to the European Automobile Manufacturers' Association (ACEA).

The figure is 7.8 percent down if compared to November of last year, reversing the trend of two years' constant growth, the association says, citing statistics on the number of registered vehicles in European countries, Bulgaria included.

October's figure showed 9% growth, while August and September marked an increase of 26% and 15%, respectively.

ACEA assumes technical reasons may be behind the development, such as delayed sales.

However, overall growth is expected to be registered in 2016 with 22 815 cars registered so far, with a 8% increase in number of sales between January and November compared to the same period of 2015.

The other two countries with a drop in number of sales include the Netherlands and Ireland.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Industry » Be a reporter: Write and send your article
Tags: cars, automobile, sales, European Automobile Manufacturers' Association, ACEA
Expats.bg All Are Welcome! Join Now!
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