Key Market Indicators
Bulgarian vehicle registration is projected to soar to approximately 963,000 units by 2028, up from around 497,000 units in 2023. This marks an average annual growth rate of 10.2%. Since 2010, the Bulgarian market has seen a significant surge, with a year-on-year increase of 63.4%. In the global ranking for 2023, Bulgaria secured the 39th spot. South Africa surpassed Bulgaria with nearly 497,000 units. Leading the global ranking were Canada, China, and Austria, taking the second, third, and fourth positions respectively.
