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Bulgaria 2020. Renault shoots up to 16.1% share in harsh environment (-68.1%)

Bulgarian vehicles sales in May 2020 were still suffering, while the national state of emergency ended on May 13. Indeed, 1.448 sales were registered in May (-68.1%), leading Year to Date figures to 10.042 (-36.7%). Renault reached 16.1% share.Bulgarian Vehicles Market in MayAs the number of daily Covid19 infections continued to increase, Bulgaria state of emergency lasted until May 13. In May, the car market was still suffering, unable to significantly react after the large drop reported in April (-73.9%).Indeed, 1.448 sales were registered in May (-68.1%), leading Year to Date figures to 10.042 (-36.7%).Brand-wise, the leader Dacia, with 13.2% share, performed better than the market in May, down 50.8%. A similar trend was scored by Renault – which reached 16.1% share – Toyota and Mercedes.Post Covid19 Market TrendSimilar to most of European countries, which have imposed lockdowns to various degrees in order to slow down the spread of the Coronavirus, the Bulgarian Government declared the public health emergency on March 13, enforcing the shutdown of non-essential businesses.Car dealerships were closed, and as a result the car market fell 45.5% in March with 2.022 units sold, ending the first quarter at 7.516 (-27%). The performance was slightly better, compared to other Europen markets with similar lockdown timelines, thanks to carry-over registrations of previous months’ orders.In April, the vehicles market plummeted 73.9% with 1.078 units sold, as the country was under Covid19 public health emergency during the entire month.Medium Terms Market TrendBulgarian vehicles market in recent years was steadily recovering from the huge fall reported in 2009. The market was improving since 2014 and in 2018 reached 41.390 sales (+10.8%) before hitting the best level of the decade in 2019 – almost equalizing the 2008’s volume – with 44.449 units sold (+7.4%).In the first two months of 2020, according to data reported by the Bulgarian Minister of Transportation, the market was further growing, with Year to Date February sales at 6.582, up 3.5%.Tables with sales figuresIn the tables below we report sales for all Brands and top 10 Manufacturers Group.This content is for members only. Visit the site and log in/register to read.

“You have to remember that in today’s world GDP is a very poor measure of economic health”
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Lately I’ve been reading Detlev’s book, Paper Money Collapse. In particular I found the chapter on cryptocurrency and the chapter on solutions to the global monetary debt crisis to be extremely clear and practical and informative. This online interview he did with ValueWalk was also quite good. I’ve shared a few of my favorite excerpts […]

Top 6 Reasons Canadians Are Turning To Online Lenders For Car Title Loan Alternatives
Monday December 21, 2020

People in Canada will probably find themselves experiencing a shortage of cash when bridging a funding gap at some point in their lives. And, with the current situation, this might be your case, especially if your job or business has been hit by the coronavirus crisis. It’s where loans come in handy. In the past, […]

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