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Bulgaria's new commercial vehicle registrations fall 11% y/y in Aug - ACEA

Author Tanya Ivanova
Bulgaria's new commercial vehicle registrations fall 11% y/y in Aug - ACEA Commercial vehicles

SOFIA (Bulgaria), September 23 (SeeNews) - Registrations of all types of new commercial vehicles in Bulgaria went down by 11.2% on the year to 674 in August, the European Automobile Manufacturers' Association (ACEA) said on Friday.

Registrations in the first eight months of 2022 fell by 14% in annual terms to 5,982, the ACEA said in a statement, citing provisional data.

In August, registrations of new light commercial vehicles of up to 3.5 tonnes dropped by 27% to 412. In contrast, registrations of new medium and heavy commercial vehicles of over 3.5 tonnes jumped by 43% to 256. In the month under review, only six medium and heavy buses and coaches were registered in the country, down from 17 a year earlier. Meanwhile, registration of heavy commercial vehicles of 16 tonnes and over jumped by 42% to 249.

In the EU, new commercial vehicle registrations fell by 8% on the year to 110,261 in August, marking fourteen consecutive months of decline. The sharp drop in van registrations was the key contributor to the overall contraction of the market, ACEA said. During the summer months, all key EU markets faced losses, with the exception of Spain, the association added.

Across the EU12, which comprises member states that have joined the EU since 2004, total registrations fell by 6.3% to 17,951 in August. In the first eight months of the year, registrations decreased by 10.2% to 153,288.