Expert Predicts 30% Drop in Bulgaria New Car Sales

Bulgaria's new car sales have been predicted to register an overall drop of 30% in 2009. Photo by goldcar.es

The Manager of KIA Motors Bulgaria, Hrabrin Ivanchev, has predicted an overall decline of 30% of new car sales in Bulgaria in 2009.

Ivanchev has also told the Pari Daily that the shock of the 50% decrease of new car sales since the beginning of 2009 because of the crisis had already started to be neutralized by the recent movements on the new cars market in Bulgaria.

Ivanchev said both companies and individual consumers were buying fewer new cars as a result of the effects of the global financial and economic crisis.

The market of small and light trucks has suffered the most as the construction firms, which had been the primary buyers of such vehicles, had been hit hard by the crisis.

 

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