Bulgaria's New Car Market with Record-Breaking Drop in EU

Business | May 17, 2010, Monday // 13:10
Bulgaria: Bulgaria's New Car Market with Record-Breaking Drop in EU The European market of new cars increased by 5.2% in the first four months of 2010. Photo by zimbio.com

Bulgaria's new vehicle market shows the highest decline in Europe for April 2010, according to data from European Automobile Manufacturers' Association (ACEA).

A total of 1 201 new cars were sold in Bulgaria in April 2010, which is a 50.8% decline compared to the same period of last year.

In the first four months of 2010, Bulgaria registered the third highest decline of new car sales after Romania (- 56 %) and Hungary (- 52.9 %).

In January- April 2010, Bulgaria's drop of new car sales is 46.7 % year-on-year, with a total of 4 557 purchased cars, which is almost twice as few as last year when a total of 8 543 cars were sold.

At the other end of the scale, Ireland has a 95 % rise of the new car market in April, while Portugal has the highest increase for the first four months of 2010 year-on-year, 59.1%.

Countries in the EU and the members of EFTA (Norway, Iceland, Lichtenstein and Switzerland ) have registered a total decline of their new vehicle market of a 6.9 % in April 2010 down to 1 171 044 cars.

In first four months year-on-year, European countries, included in the statistical data provided by ACEA, indicate a market rise of 5.2 % up to 4 941 152 new car purchases.

The most popular car brands in Bulgaria are Toyota with 189 sales in April, Peugeot with 145 and Ford with 131 sales.

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Tags: new cars, car sales, Toyota, Peugeot, Ford, European Automobile Manufacturers' Association, ACEA
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