Fast Market Research

Now Available: Bulgaria Autos Report Q2 2013

New Transportation research report from Business Monitor International is now available from Fast Market Research


Boston, MA -- (SBWIRE) -- 05/08/2013 -- Executive Summary

Passenger car sales in Bulgaria increased 1.6% in 2012, to 19,419 units. In 2012, private consumption remained relatively robust, with real wages growing over the course of the year, despite persistently high unemployment levels.

Passenger car sales in Bulgaria have declined considerably from 2008 levels, when sales hit some 43,000 units. Indeed, sales in this segment have remained relatively weak since then, and we do not see the market reaching these levels again within our 2017-forecast period. We believe that this pent-up demand in the market partly explains the increase in sales in 2012.

View Full Report Details and Table of Contents

In December 2012, Chinese auto manufacturer Build Your Dreams (BYD) and Bulgarian manufacturer Bulmineral announced that they are to jointly construct an auto assembly plant in Sofia, Bulgaria to produce electric cars and electric buses. BMI believes that the European electric vehicle (EV) market is set to receive considerable investment from international auto manufacturers over the medium term on the back of increasing sales and government incentives for sale and production. Further, we believe that Bulgaria may attract further investment from auto manufacturers on the back of ongoing investments in the region as companies continue to pivot from Western Europe.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Transportation research reports at Fast Market Research

You may also be interested in these related reports:

- Vietnam Autos Report Q2 2013
- Brazil Autos Report Q2 2013
- Hungary Autos Report Q2 2013
- Japan Autos Report Q2 2013
- India Autos Report Q2 2013
- Indonesia Autos Report Q2 2013
- Malaysia Autos Report Q2 2013
- Mexico Autos Report Q2 2013
- Singapore Autos Report Q2 2013
- Pakistan Autos Report Q2 2013