Bulgaria's 11-mo new passenger car registrations up 17.2% y/y - ACEA

In November alone, the number of newly-registered passenger cars in Bulgaria rose by an annual 20.9% to 2,316, ACEA said in a press release.

Across the EU excluding Malta, new passenger car registrations were 6.1% lower year-on-year reaching some 8.36 million units in the eleven months of 2022. The four main markets of Germany, Italy, Spain and France all posted declines, with Italy recording its weakest result in the year to date, a decline of 11.6%.

"Despite the recent strong results, declines generated from January to July were enough to drag down the year-to-date performance," ACEA noted.

For the month of November, the number of new passenger cars in the EU minus Malta kept with the rising trends of the last three months, going up 16.3% on the year to reach 829,527 units sold. However, this was still noticeably below pre-pandemic levels as 1 million new cars were registered in the EU in November 2019.

The EU12 group, which comprises member states that joined the EU from 2004 onwards, recorded a 4.7% decline in eleven-month new passenger car registrations to 1.03 million. This was offset by a 5.9% growth in November registrations to 93,393.