New market study, "Bulgaria Autos Report Q3 2011", has been published

June 22, 2011 - PRLog -- Prospects for the Bulgarian car industry are picking up with the progress being shown at the Great Wall Motors plant in the country. The Chinese firm has said that it may invest a further EUR300mn in the plant, which is likely to play an important role in the country's plans to expand its domestic production of cars and components. Additionally, the Bulgarian car market has continued to recover from the slump caused by the recession. New car sales in Bulgaria increased by 17% year-on-year (y-o-y), to 4,638 units in Q111, compared with 3,956 units in Q110, reports Sofia News Agency citing data released by the Association of Car Importers. Meanwhile, total vehicles sales, including cars, trucks, buses and motorcycles, reached 4,888 units, compared with 4,116 units in Q110. German automaker Volkswagen was the best selling brand during Q111 with sales of 567 cars.

Last year was an up and down year for the Bulgarian auto market. Car sales continued to decrease compared with 2009, but towards the end of H110, sales did begin to pick up. New vehicles sales in Bulgaria rose by 9% y-o-y, to 1,920 units, in November 2010, reports Dnevnik, citing data released by the Association of Car Manufacturers and their Authorised Representatives (ACM). New vehicles consisted of light vehicles, lorries, buses and motorcycles. However, new car sales declined 29.6% y-o-y, to 17,327 units, during January-November 2010, compared with 24,643 units during the same period of 2009. BMI predicts that total sales will reach close to 31,939 units in 2015, only partially recovering from peak sales of 55,236 units in 2008.

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Full Report Details at
- http://www.fastmr.com/prod/171452_bulgaria_autos_report_q...
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Turkish automotive glass producer Sisecam has opened a new production facility in Targovishte in Bulgaria. The facility, which will manufacture autoglass for carmakers in Europe and the Balkans, will have an annual production capacity of 1.3mn m2 of glass and will generate 130 new jobs. Sisecam's Bulgarian investment is US$405mn at present, according to Ahmet Kirman, Sisecam's chairman.

UK electric car specialist Zero Carbon 2020 will open an assembly line to produce electric cars in Stara Zagora, Bulgaria, according to its founder and CEO Jamie Roberts. He added that the assembly line, which will have an initial production capacity of about 100 cars, has been backed by Bulgarian Prime Minister Boyko Borisov. Production of the electric vehicles will begin in Q211 or Q311, said Roberts.

Report Table of Contents:

SWOT Analysis
- Bulgaria Auto Industry SWOT
- Political SWOT
- Bulgaria Economic SWOT
- Bulgaria Business Environment SWOT
Global Overview
- BMI's Core Views For The Automotives Industry
Regional Overview
- EU Visualises An Oil-Free Future, But Will The Industry Accept It?
- Table: EU Action Plan For Electric Vehicles
- Table: Europe - Top Automotive Suppliers Sales By Region (US$mn), 2010
Business Environment Analysis
- Table: BMI Industry Risk-Reward Ratings For Autos In Europe
Industry Forecast Scenario
- Table: Bulgaria Auto Production And Sales
Macroeconomic Forecast Scenario
- Table: Bulgaria - Economic Activity
Competitive Landscape
- Industry Trends And Developments
- Regulation
- Component Production
- Component Production
- Commercial Vehicles
Company Monitor
- MAN
- MAN: SWOT
Company Profiles
- EPIQ Electronic Assembly
- Grammer JSC
- Alucom
Country Snapshot: Bulgaria Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 2001-2006
- Table: Consumer Expenditure, 2000-2012 (US$)
- Table: Average Annual Wages, 2000-2012
BMI Methodology
- How We Generate Our Industry Forecasts
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.