Bulgaria 2022. Hyundai With Best Performance (+106.7%) In Vehicle Market Up 7.6%

The 2022 Dacia Spring Electric
The 2022 Dacia Spring Electric

Bulgaria car market in 2022 totaled 33,578 sales, a 7.6% increase from the previous year. December grew for the 6th consecutive month, with 2,374 new vehicle registrations (+9.3%). Hyundai with the best performance surges 106.7%.

Market Trend and Outlook

The Bulgarian vehicle market in 2022 totaled 33,578 sales, a 7.6% increase from the previous year. In December sales grew for the 6th consecutive month, reporting 2,374 new vehicle registrations (+9.3%). 

Looking at cumulative data from 2022 brand-wise, Toyota becomes the new leader, rising 2 spots with a 20.5% increase in sales, in front of Renault which gained 11.5% in yearly volume while holding 10.9% market share. Hyundai in 7th reports the best performance in the Top 10 rising 106.7% from 2021.

Medium-Term Market Trend

The car market in recent years was steadily recovering from the huge fall reported in 2009. The market was improving since 2014 and in 2018 reached 41,390 sales (+10.8%) before hitting the best level of the decade in 2019 – almost equalizing the 2008’s volume – with 44,449 units sold (+7.4%).

Sales in 2020 were heavily influenced by the COVID-19 pandemic, impacting all sectors. In fact, 28,705 units have been sold, reporting a decline of 35.4%.

Following the decline reported during the pandemic, in 2021 the market recovered 15.4% while accumulating 31,138 new light vehicle sales.

Tables with sales figures

In the tables below we report sales for all Brands and top 10 Manufacturer Groups.

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