New passenger car registrations in Bulgaria in January – August 2021 up 15.7% y/y

The number of new passenger car registrations in January to August 2021 was 15.7 per cent higher than in January to August 2020, according to figures released on September 16 by ACEA, the European Automobile Manufacturers Association.

There were 17 594 new passenger car registrations in Bulgaria in January to August this year, compared with 15 206 in the same period last year, according to ACEA.

However, as The Sofia Globe reported at the time, figures posted by ACEA on September 17 2020 showed that in January to August 2020, new passenger car registrations in Bulgaria were 37.6 per cent lower than in January to August 2019, as the Covid-19 crisis hit motor vehicle industry sales.

In August 2021 alone, there were 1905 new passenger car registrations in Bulgaria, down from 1918 in August 2020, a decrease of 0.7 per cent.

The August 2020 figure was about 24.5 per cent fewer than the 2929 registered in August 2019.

ACEA said that in July 2021, the European passenger car market suffered a significant setback after four months of accelerated growth, with new registrations down 23.2 per cent to 823,949

The EU’s four major markets showed similar trends, all posting strong losses, the association said.

France saw the steepest decrease (-35.3 per cent) in July, followed by Spain (-28.9 per cent),
Germany (-24.9 per cent) and Italy (-19.2 per cent).

During August, car registrations across the EU decreased by 19.1 per cent – compared to the same month last year – to reach 622 993 units.

For the second month in a row, the largest car markets posted double-digit declines: Spain (-28.9 per cent), Italy (-27.3 per cent), Germany (-23.0 per cent) and France (-15.0 per cent).

Over the first eight months of 2021, sales volumes saw a year-on-year increase of 11.2 per cent, counting 6.8 million new passenger cars in total.

ACEA said that in spite of the weak performance of EU markets during the summer months, substantial gains earlier in the year kept cumulative growth in positive territory.

As a result, each of the four major markets posted growth so far this year: Italy (30.9 per cent), France (12.8 per cent), Spain (12.1 per cent) and Germany (2.5 per cent), the association said.

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The Sofia Globe staff

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