New car sales in Bulgaria fell 35.5% year-on-year for the first eight months of 2010.
Go deeper with GlobalData
Data from the automobile manufacturers’ association showed that a total of 12,310 new motor vehicles were purchased between January and August this year in comparison with 19,188 a year earlier. Despite the slowdown, there have been fresh signs of pick-up.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“More and more companies are preparing to revamp their fleets, and are in talks for the purchase of between 20 and 80 cars. This sets off dealerships racing to offer the best possible conditions,” Denyu Bostandjiev, Volkswagen car brand manager with Porsche BG, told Reuters. He said that after spending two years on the backburner, companies are going back to new car plans and the trend is poised to accelerate by the end of the year.
London-based Business Monitor International (BMI) said in an analysis released in early September that the Bulgarian new car market will make up the ground in sales it lost in the first months of the year in the second half. The report echoes the view by market leader Auto Union executive director Asen Asenov, who told Dnevnik in a recent interview that the decline will slow down on an average of 20% for 2010.
