site.btaBulgaria Sees Highest Increase in New Car Registrations in EU in First Half of 2024, Y/Y

In the first half of 2024, Bulgaria saw the highest increase in new car registrations among all EU member states, year-on-year, show figures of the European Automobile Manufacturers’ Association (ACEA) published on Thursday.

Between January 2024 and June 2024, new car registrations in Bulgaria increased by 30.8%, year-on-year. In the first half of 2024, a total of 23,047 new cars were registered in the country, compared to 17,616 registrations for the same period of 2023.

The figures for the first half of 2024 rank Bulgaria first in annual growth of new car registrations in the EU, followed by Poland (+16%), Cyprus (+15%) and Croatia (+14.5%).  

Finland (-16.5%), Estonia (-16.2%), Latvia (-12.7%) and Sweden (-5.9%) saw the largest annual decrease in car registrations in the first half of 2024, year-on-year.

In June 2024 alone, new car registrations in Bulgaria numbered 4,110, which is an 8.4% increase, compared to June 2023.