Industry Trend Analysis - Construction And Retail Sales To Boost CV Demand - APR 2017


BMI View : We hold a bullish outlook for Bulgaria ' s CV segment in 2017, with forecast growth of 7.0% in total CV sales for the year. Driving this expansion will be an uptick in construction industry activity , which will boost demand for heavy trucks, while a favourable outlook for consumer spending will fuel retail sales and growth in light commercial vehicle demand.

We hold a bullish outlook for Bulgaria's commercial vehicle (CV) segment in 2017, with forecast growth of 7.0% in total CV sales for the year. Driving this expansion will be an uptick in construction industry activity as well as the positive outlook for private consumption. We expect an increase in construction activity to help spur demand for heavy trucks, while an increase in consumer spending drives sales of light commercial vehicles (LCVs) which are used to meet the logistical demands of the retail space.

Return To Growth In Construction Sector To Boost CV Demand

CV Sales To Remain Robust In 2017
Bulgaria - Commercial Vehicle Sales, Units
f = BMI forecast. Source: ACEA, BMI

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