Bulgaria Autos Report Q3 2014

Date: July 2, 2014
Pages: 57
Price:
US$ 1,295.00
Publisher: Business Monitor International
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: B6EFD5066A1EN
Leaflet:

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Bulgaria Autos Report Q3 2014
Includes 3 FREE quarterly updates

Passenger car sales in Bulgaria increased 25.2% y-o-y in 4M14, to 6,478 units. Despite this strong growth, BMI maintains a bearish outlook on consumer sentiment and private consumption growth in the country. We expect weak domestic demand conditions in Bulgaria to persist, as business and consumer confidence levels remain subdued. Although there have been some signs of a modest recovery in consumer confidence, it remains in firmly negative territory. Moreover, high political uncertainty and deflationary monetary conditions mean that we are sceptical that a notable recovery in household consumption is afoot (see 'Weak Domestic Demand Conditions To Persist', May 14).

We attribute this sharp 4M14 uptick to low base effects from weak 2013 sales, pent-up demand as the market recovers to pre-crisis volumes, and the low sales volumes (as relatively modest increases in unit sales can lead to sharp y-o-y increases in the growth rate). We expect to see a slowdown in the growth rate over the coming months as this weak private consumption outlook weighs on car sales, and maintain our forecast for a 10% increase in sales.
BMI Industry View
SWOT
Political
Economic
Business Environment
Industry Forecast
  Table: Autos Total Market - Historical Data And Forecasts (Bulgaria 2012-2018)
Sales
Used Cars
Production
Commercial Vehicles
  Table: Commercial Vehicle Market - Historical Data And Forecasts (Bulgaria 2012-2018)
Suppliers
Macroeconomic Forecast
Economic Analysis
  Table: Bulgaria - Economic Activity
Industry Risk Reward Ratings
Europe - Risk/Reward Ratings
  Table: Europe Industry Risk Rewards Ratings Table
Company Profile
Honda Motor
EPIQ Electronic Assembly
Alucom
Regional Overview
Europe Overview
Global Industry Overview
  Table: Passenger Car Sales March 2014
European Growth Gathers Momentum
Japan Prepares For Tax Fallout
China Wobble Adds To BRIC Weakness
Demographic Forecast
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
Methodology
Industry Forecasts
Sector-Specific Methodology
Sources
Risk/Reward Ratings Methodology
  Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators
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