Bulgaria Autos Report Q1 2014 - New Market Report
Passenger car sales in Bulgaria declined 1.1% year-on-year (y-o-y) in the first 10 months of 2013, to 15,585 units (although this figure may be subject to an upward or downward revision due to the unreliability of the statistics). In 2013, we estimate private consumption to have remained weak on the back of prolonged political uncertainty exacerbating existing dynamics in the labour market (see 'Political Instability To Weigh On Growth', October 9). Our bearish outlook for consumer sentiment has informed our...
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