Key Market Indicators
Bulgarian car registrations are projected to hit approximately 453,000 units by 2028, a significant increase from the nearly 302,000 units recorded in 2023. This marks an average annual growth rate of 6.3%. Since 2010, Bulgaria has witnessed a substantial surge in demand, with car registrations jumping by nearly 52% year-on-year. In the global rankings for 2023, Bulgaria held the 40th position, with Sweden narrowly ahead, also registering around 302,000 units. Leading the global rankings were Indonesia, Austria, and Belgium, occupying the second, third, and fourth spots respectively.
