Slump in Bulgaria's New Cars Market Slows down

Business | March 9, 2010, Tuesday // 15:50|  views

Peugeot is the most popular brand on the Bulgarian new cars market in the first two months of 2010. Photo by BGNES

Bulgaria’s new cars market declined by 44% in February 2010 year-on-year.

According to the Association of Car Producers and Authorized Dealers, only 1 248 new cars were sold in Bulgaria in February.

However, the decline is slowing down compared to a drop of 47,6% in January, and of 52% in all of 2009.

A total of 7,6% more new cars were sold in Bulgaria in February compared to January when Bulgarians purchased 1 160 new cars.

With 2 408 new cars sold in the first two months of 2010, the decline compared to the same period of 2010 is 46%.

The French brand Peugeot turned out to be the most popular in Bulgaria in January-February with 265 new cars, or 10,69% of all sales.

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Tags: new cars, Peugeot


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