New passenger car registrations in Bulgaria in January-August 2024 up 22.5% y/y

There were 29 883 new passenger car registrations in Bulgaria in January-August 2024, an increase of 22.5 per cent compared with January-August 2023, the European Automobile Manufacturers Association, ACEA, said on September 19.

Of the new passenger car registrations in Bulgaria in January-August 2024, a total of 22 903 were petrol cars, 4947 diesel, 1012 battery-electric, 635 hybrid-electric, 334 plug-in hybrid and 52 “other”, a category that includes fuel-cell electric vehicles, natural gas vehicles, LPG, E85/ethanol, and other fuels.

ACEA said that in August 2024, new EU car registrations saw a sharp decrease (-18.3 per cent) with negative results across the region’s four major markets: double-digit losses were witnessed in Germany (-27.8 per cent), France (-24.3 per cent), and Italy (-13.4 per cent), with the Spanish market declining by 6.5 per cent.

Eight months into 2024, new car registrations increased by 1.4 per cent, almost reaching 7.2 million units. Spain (+4.5 per cent) and Italy (+3.8 per cent) showed positive but modest performance.

On the other hand, the French and the German markets saw their results stagnate (-0.5 per cent and -0.3 per cent, respectively), ACEA said.

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