In Bulgaria, new car sales are growing three times faster than the average for the European Union. In October, new car sales in the EU increased by just 1.1%, while in Bulgaria this figure was 3%, according to data from the European Automobile Manufacturers' Association.
This year, 75.9% of registered cars in Bulgaria are petrol-powered, followed by 15% diesel.
Hybrid and electric vehicles remain the least represented among new registrations. This trend is the opposite of what’s happening in the EU, where over 50% of new registrations are for sustainable vehicles.
In October 2024, new car registrations in the EU reversed the downward trend and saw a modest increase of 1.1%. Spain led with a significant rise of 7.2%, while Germany rebounded by 6% after three months of decline. However, decreases were noted in France (-11.1%) and Italy (-9.1%).
Registrations of battery-electric vehicles rose by 2.4% to 124,907 units in October 2024. Nevertheless, the market volume since the beginning of the year remains 4.9% lower than in the same period last year, with a total market share of 14.4%. This decline is primarily due to a sharp drop in registrations in Germany (-26.6%).
Plug-in hybrid vehicle registrations fell by 7.2% last month, following significant declines in France (-26.9%) and Italy (-24.9%).
Registrations of hybrid-electric vehicles increased by 17.5%, with their market share growing to 33.3%, up from 28.6% in October last year. For the second consecutive month, they exceed the registrations of petrol cars.
Sales of petrol cars dropped by 6.8% overall. The largest decline was seen in France, where registrations fell by 32.7%, followed by Italy with a decrease of 10.1%.
Currently, petrol cars account for 30.8% of the market, down from 33.4% in the same month last year. The market for diesel vehicles also shrank by 7.6%, resulting in a market share of 10.9% in October last year. Overall, reductions were observed in nearly two-thirds of EU markets.
Source: BGNES
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