Key Market Indicators
Bulgarian commercial vehicle registrations are projected to decline to approximately 22,300 units by 2028, down from about 25,900 units in 2023. This represents an annual compound growth rate (CAGR) decrease of 2.4%. Despite this forecasted drop, the Bulgarian market has experienced substantial growth over the past decade. Since 2010, vehicle registrations in the country have surged by nearly 38% annually. In 2023, Bulgaria was ranked 50th in global commercial vehicle registrations. Leading the list was Portugal, with a similar figure of 25,900 units. Canada, Mexico, and Argentina followed closely, securing the second, third, and fourth spots, respectively.
