New passenger car registrations in Bulgaria in January-September 2024 up 18.4% y/y

There were 32 393 new passenger car registrations in Bulgaria in January-September 2024, an increase of 18.4 per cent compared with January-September 2023, the European Automobile Manufacturers Association, ACEA, said on October 22.

Of the new passenger car registrations in Bulgaria in January-September 2024, a total of 24 368 were petrol cars, 5694 diesel, 1249 battery-electric, 721 hybrid-electric and 361 plug-in hybrid, ACEA said.

ACEA said that in September 2024, new EU car registrations continued their downward trajectory (-6.1 per cent) with negative results across three of the region’s four major markets: France (-11.1 per cent) and Italy (-10.7 per cent), with the German market declining by seven per cent.

On the other hand, Spain experienced a healthy rebound (+6.3 per cent). Nine months into 2024, new car registrations remained stable (+0.6 per cent) and almost reached 8 million units.

Spain (+4.7 per cent) and Italy (+2.1 per cent) showed positive performances, while the French and the German car markets declined (-1.8 per cent and -1 per cent, respectively).

While battery-electric cars accounted for 17.3 per cent of the EU car market in September, up from 14.8 per cent last year, the year-to-date volumes dropped by 5.8 per cent with the total market share falling to 13.1 per cent from 14 per cent last year.

Plug-in hybrid car registrations for September also declined, by a sizeable 22.3 per cent.

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