Bulgaria Registers Largest Slump in New Car Sales in EU Y/Y

Bulgaria Registers Largest Slump in New Car Sales in EU Y/Y

For the second month in a row Bulgaria has registered the largest reduction in the EU in the number of new cars sold by dealers.

The sales in the first 10 months of 2010 (January-October) declined by almost 37% year-on-year, according to the European Automobile Manufacturers Association ACEA.

A total of 12 698 new cars were sold in Bulgaria in January-October, compared with 19 723 in the first ten months of 2009.

But on a monthly basis, the situation is less dramatic than in some other EU Member States - the slump in October in Bulgaria is 9%, compared to 38% in Spain and 33% in Greece.

In the EU as a whole, new car sales in October are down (17%) for the 7th month in a row. In October 2009, 1 232 124 new cars were purchased in the EU while in October 2010, there have been a total of 1 027 036 such buys.

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