site.btaBulgaria Reports Some 14% Decrease in Car Registrations in August, Y/Y - ACEA

In August 2024, new EU car registrations saw a sharp decrease (-18.3%), as a particularly large decline was reported in registrations of battery-electric cars, show figures of the European Automobile Manufacturers’ Association (ACEA) published on Thursday. 

A total of 2,938 new car registrations were made in Bulgaria in August, marking some 14% decrease compared to the same month of 2023. The share of newly registered electric vehicles (BEVs) in the country was 3.2%. Most new registrations were made of petrol cars at 72.4%, followed by diesel cars at 19.7%. Hybrid-electric cars accounted for 3.1% of new registrations. 

EU car registrations decreased by 18.3% with negative results across the region’s four major markets: double-digit losses were witnessed in Germany (-27.8%), France (-24.3%), and Italy (-13.4%), with the Spanish market declining by 6.5%.

In August 2024, registrations of battery-electric (BEV) cars dropped by 43.9% to 92,627 units (compared to 165,204 the same period last year), with their total market share slipping to 14.4% from 21% a year before. This was driven by the spectacular drop in the two biggest markets for BEV cars: Germany (-68.8%) and France (-33.1%), ACEA said.