2013-03-14 10:39:02 - New Transportation research report from Business Monitor International is now available from Fast Market Research
Passenger car sales in Bulgaria increased 1.6% in 2012, to 19,419 units. In 2012, private consumption remained relatively robust, with real wages growing over the course of the year, despite persistently high unemployment levels.
Passenger car sales in Bulgaria have declined considerably from 2008 levels, when sales hit some 43,000 units. Indeed, sales in this segment have remained relatively weak since then, and we do not see the market reaching these levels again within our 2017-forecast period. We believe that this pent-up demand in the market partly explains the increase in sales in 2012.
In December 2012, Chinese auto manufacturer Build Your Dreams (BYD) and Bulgarian manufacturer Bulmineral announced that they are to jointly construct an auto assembly plant in Sofia,
Bulgaria to produce electric cars and electric buses. BMI believes that the European electric vehicle (EV) market is set to receive considerable investment from international auto manufacturers over the medium term on the back of increasing sales and government incentives for sale and production. Further, we believe that Bulgaria may attract further investment from auto manufacturers on the back of ongoing investments in the region as companies continue to pivot from Western Europe.
Full Report Details at
The facility is expected to begin production in February 2013. Construction is expected to be fully completed in 2015, and will have an annual output capacity of 50,000 vehicles.
Report Table of Contents:
BMI Industry View
- Business Environment
- Table: Bulgaria Auto Sales, 2010-2017
- Table: Autos Production, 2010-2017
- Passenger Vehicles
- Table: Passenger Cars Sales/Production, 2010-2017
- Commercial Vehicles
- Table: Commercial Vehicles, 2010-2017
- Economic Activity
- Table: Bulgaria - Economic Activity
Industry Risk Reward Ratings
- Table: BMI Industry Risk/Reward Ratings For Autos In Europe
- Company Monitor
- Increasingly Standardised Production
- Buoyed By Premium Growth
- Expanding In Emerging Europe
- Electric Intentions
- Corporate Bonds
- EPIQ Electronic Assembly
- Grammer JSC
- Europe Overview
Global Industry Overview
- Table: Passenger Car Sales, Units, 2012
- Japan To Contract, But US Safe (For Now)
- Europe Over The Worst?
- Even Russia Will Hit The Brakes
- Demographic Outlook
- Table: Bulgaria's Population By Age Group, 1990-2020 ('000)
- Table: Bulgaria's Population By Age Group, 1990-2020 (% of total)
- Table: Bulgaria's Key Population Ratios, 1990-2020
- Table: Bulgaria's Rural And Urban Population, 1990-2020
- Automobile Industry
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.