The Bulgarian market has lost 55% of its sales compared to 2008
- The Bulgarian car market is the smallest European market, if we leave out the Baltic countries . This market was particularly affected by the 2008-2009 crisis , rising from 45,000 units in 2008 (record registrations for this market) to 20 000 units in 2012.
- However, it has a volume twice as large as that recorded before the entry of Bulgaria into the European Union.
- The Bulgarian market then was around 10,000 units per year. It was then boosted by its entry into the European Union.
- An massive arrival of used cars has disrupted the new car market, such as in Hungary and Romania.
- Per carmaker the VW group (as in many European countries) is ahead of other car groups (with a market share of 23%), such as Renault-Nissan (16%), GM (13%) and PSA (12%) .
- Let us remember that Bulgaria had no automobile industry for decades until the arrival last year of the Great Wall Chinese manufacturer who installed a small assembly plant in Lovech.
- The recent establishment has not yet pleased the Chinese carmaker who has sold less than half a thousand vehicles in 2012 on an overall market of 20 000 units.
Data source: File #55 - Registrations in the World by makes
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