Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's Second-hand Car Market Boasts Impressive Growth in 2010
BULGARIA'S SECOND-HAND CAR MARKET BOASTS IMPRESSIVE GROWTH IN 2010
Date: 04/01/2011
Source: novinite.com
Bulgaria's Second-hand Car Market Boasts Impressive Growth in 2010

The sales of second-hand cars in Bulgaria grew by 30%-50% in 2010, year-on-year, estimates have shown.

According to Lyubomir Dorosiev, deputy head of the Association of Car Importers, as cited by money.bg, the Bulgarian market for second-hand cars had a growth that is impressive against the backdrop of the economic crisis and the reduced domestic consumption.

Dorosiev pointed out there is a increasing trend of people in Bulgaria preferring second-hand to new cars.

Data of the Association of Car Manufacturers and their representatives in Bulgaria recently revealed that the new car sales in the country declined by over 30% in the first 11 months of 2010 compared with 2009 (when the sales went down by over 40% compared with 2008.)

Dorosiev believes that the growth shows the Bulgarian market of second-hand cars has indicated that it is increasingly getting out of the gray economy, and offers the customers good-quality second hand vehicles.

He says that Bulgarian consumers are no longer willing to take bank credits to finance the purchase of new cars in such mass proportions as they did before the economic crisis since they are now no longer certain they will be able to repay their loans.


Topic: Business



Featured District
BOURGAS DISTRICT AND CITY INFORMATIONBourgas
Invest Bulgaria Charts
Consumer Price Index of Bulgaria (annual change)
Consumer Price Index of Bulgaria (annual change)

Current and Capital Account of Bulgaria
Current and Capital Account of Bulgaria

See all charts
Did You Know?
Bulgaria is a space nation
Bulgaria is a space nation
Bulgaria is a space nation: Two Bulgarians have flown in space already ... More

Silistra is located in the north-easter part of Bulgaria, on the southern side of Danube river. The town is famous for its chrome factory, which produces the bigger part of the chrome products used in Bulgaria.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members