Strong Sales Growth Dispels Fears Of A Downturn

Fears of a sharp downturn in new car sales following Bulgaria's accession to the EU in January 2007 dissipated after Q1 results showed sales up by 28.2% year-on-year (y-o-y) to 11,756 units, including 11,186 passenger cars. In the commercial vehicle segment, Bulgarian dealers sold 570 new trucks and buses in Q1 2007, up 127% y-o-y. This was despite a 70% rise in used vehicle imports to 60,000 units in Q1. Strong growth in the market in Q1 suggests that sales growth will remain in double digit figures, with BMI's latest Bulgaria Automotive Report forecasting 19.2% y-o-y growth in sales to

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