Sofia, June 17, (BTA/GNA) – In May 2022, European Union passenger car registrations slipped back by 11.2% year-on-year to 791,546 units, marking the tenth consecutive month of decline. Meanwhile, Bulgaria is the EU leader in terms of new car registrations with a 35.2% reported growth in May, the European Automobile Manufacturers’ Association (ACEA) reported here on Thursday.
Bulgaria’s market is relatively small with a total of 2,690 new cars registered in May of 2022, compared to 1,989 units registered in the same month of last year.
All four key EU markets recorded double-digit losses. Italy saw the steepest decline (-15.1%), followed by Spain (-10.9%), Germany (-10.2%) and France (-10.1%).
From January to May 2022, total registrations of new passenger cars in the EU were 13.7% lower compared to the same period last year. Five months into 2022, sales of new cars have retreated in most markets in the region, including the four major ones: Italy (-24.3%), France (-16.9%), Spain (-11.5%) and Germany (-9.3%).
The number of cars registered in Bulgaria between January and May of 2022 added up to 11,721, compared to 9,973 units registered in the like period of 2021, resulting in a 17.5 increase, reads ACEA’s report.
The Association unites Europe’s 16 major car, truck, van and bus makers.
GNA
Credit: BTA