Bulgaria Car Industry in 2015 reports a strong increase thanks to a wonderful Q4 with sales improved over 30%. Renault jumped in second place thanks to strong demand on the compact SUV Captur.
Economic Outlook
Bulgaria’s economy expanded at the fastest pace in four and a half years in Q3. Overall, the economy is expected to have grown at a solid rate in 2015, thanks to lower oil prices, which had a positive impact on the external sector’s contribution to growth. Public investment and absorption of EU funds also boosted the economy.
Although Bulgaria’s sound economic growth has largely restored investors’ trust, its banking sector is principally constituted of subsidiaries of Greek banks and is thus widely assessed as being highly exposed to economic turbulence in Greece.
Market Outlook
The already positive pace was reinforced by the fourth quarter strong consumer’s demand with sales up over 30% ending the year with a robust increase over the 2014 with car passengers sales at quota 24.293 (+19.3%) and light commercial vehicles at 4.721, up 18.9%.
As far as the 2016 perspectives, they are moderately positive with observers forecast in the range of +7-+10%.
While Dacia confirmed its leadership with 3.679 sales (++19.3%) and 12.6% of market share, with a +52% performance Renault jumped in second place, up 3 spots, with 3.164 sales outpacing Skoda, third with 2.644 units (+27.9%) and Volkswagen, fourth with 2.535 (+7.6%)
Best-selling model was again the Dacia Dokker with 1.586 sales (29.6%) ahead of the Nissan Qashqai with 1.080 (+21.3%) and the Renault Captur, advanced 5 spots with 1.012 sales and a +70% score.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.
