Bulgaria Autos Report Q2 2014: New Research Report Available at Fast Market Research
Passenger car sales in Bulgaria declined 1.0% y-o-y in the first 11 months of 2013, to 27,256 units. In 2013, we expected private consumption to remain weak on the back of prolonged political uncertainty exacerbating existing dynamics in the labour market. Our bearish outlook for consumer sentiment has informed our forecast for a 2% drop over the year. In 2014, we forecast a decline in sales of 1.8% as consumer weakness continues to weigh on the passenger car segment.
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