Just Released: "Bulgaria Autos Report Q4 2013"
Passenger car sales in Bulgaria declined by 9.9% y-o-y in H113, to 8,971 units (although this figure may be subject to upward or downward revision, due to the unreliability of the statistics). In 2013, we expect private consumption to remain weak on the back of prolonged political uncertainty exacerbating existing dynamics in the labour market. The weak sales figures year-to-date and our bearish outlook for consumer sentiment have informed our forecast for a 7.8% drop over the year.
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