Bulgaria: Registrations of new cars skyrocket

Written by on December 14, 2017 in Business - Comments Off on Bulgaria: Registrations of new cars skyrocket

The European Automobile Manufacturers Association (ACEA) is happy. Within the European Union, registrations of new passenger cars jumped by 5.9 per cent in November 2017, compared with the registrations during the same month last year.

From November 1 to November 30 2017, a total of 1 216 702 new vehicles of this kind were registered. But the ACEA admits the increase has to do with the fact that this year the month of November had one more working day.

To the motor vehicle industry, the five main markets are the most interesting ones. Four of those did very well. In November, the increase recorded in Spain was 12.4 per cent, in France 10.3, Germany 9.4 and Italy 6.8 per cent.

The bad news is that the market in the United Kingdom took more than just a fender bender. That decline of 11.2 per cent in November is more like a head-on collision.

What happened in Bulgaria last month, is what the industry might want a call a huge success. The increase regarding new passenger car registrations pretty much exceeded everything ever registered since the invention of the wheel: 55.4 percent.

In this small country on the south-eastern edge of Europe, a total of 3082 new cars were registered in November, compared with 1983 a year ago. For the period from January to November  2017, Bulgaria recorded a growth of 23.5 per cent.

There is only one country where the numbers were even a tiny bit better: Lithuania left a lot of rubber on the asphalt.




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