BERTRAND MALLET - Inchcape
BERTRAND MALLET - Inchcape BERTRAND MALLET - Inchcape
Bulgaria Commercial OverviewSmaller countrywith low density ofthe populationEmergingeconomy7.5m people, 110,000sq km, Almost half the sizeof Romania and a third of the populationLow population density (68 inhabitants/sq km,similar to Ireland)Very dynamic growth throughout the decade,but economy shrank by 6.3% in 2009Low budget deficitand public debtRecoveryexpectedFuture growthenginesBudget deficit of 3.9% in 2010, with public debtat 16% of GDPBroadly flat in 2011 with recovery expected in2012Economic growth to be fuelled by infrastructuredevelopment (with support of EU funds), directforeign investments, tourism and privateconsumptionGDP growth(CAGR)Population(CAGR)2003-07 2008-09 2010-1519.5% (6.3)% 6.9%(0.5)% (0.6)% (0.5)%Inflation 5.6% - 11.5% 7.1% - 1.6% 2.7% - 3%Bulgarian economy less impacted than Romania. Gradual recovery expected in 2012Source: IMF
Bulgaria Automotive OverviewLow car penetrationImprovement of roadinfrastructureOne of the oldest carparcs in EuropeMarket still far from itspeak of 2008Toyota position as clearmarket leaderHigh quality dealernetwork351 passenger cars per 1000 inhabitants (vs EU27 averageof 478)As in Romania and with the support of EU structural funds,the road network is undergoing significant improvements56% of car parc more than 10 years old27% of car parc more than 20 years oldAverage – 15 years oldTIV reached 57k in 2008In 2010, TIV fell to 19kToyota has the highest consideration and preference, as wellas the best quality perception in the countryAll 3S facilities comply with the latest standards; most ofthem were completed in the last 2 yearsVery well trained and motivatedsales staffThe Bulgarian automotive market should see good growth over the coming years, with a clear advantage forToyota as the market leaderSource: Global Insight/JD Power
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- Page 4 and 5: Romania Automotive OverviewLarge co
- Page 8 and 9: Bulgaria - Total Industry Volume 20
- Page 10 and 11: Our top 5 PrioritiesGrowingmarketsh
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- Page 14 and 15: Ethiopian Market
- Page 16 and 17: Ethiopia Commercial OverviewA very
- Page 18 and 19: Our top 5 PrioritiesGrowingmarketsh
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- Page 22 and 23: South American Market
- Page 24 and 25: Chile Commercial OverviewRich count
- Page 26 and 27: Chile - Total Industry Volume 2008
- Page 28 and 29: Peru Automotive OverviewStrong grow
- Page 30 and 31: Our top 5 PrioritiesGrowingmarketsh
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Bulgaria Commercial OverviewSmaller countrywith low density ofthe populationEmergingeconomy7.5m people, 110,000sq km, Almost half the sizeof Romania and a third of the populationLow population density (68 inhabitants/sq km,similar to Ireland)Very dynamic growth throughout the decade,but economy shrank by 6.3% in 2009Low budget deficitand public debtRecoveryexpectedFuture growthenginesBudget deficit of 3.9% in 2010, with public debtat 16% of GDPBroadly flat in 2011 with recovery expected in2012Economic growth to be fuelled by infrastructuredevelopment (with support of EU funds), directforeign investments, tourism and privateconsumptionGDP growth(CAGR)Population(CAGR)2003-07 2008-09 2010-1519.5% (6.3)% 6.9%(0.5)% (0.6)% (0.5)%Inflation 5.6% - 11.5% 7.1% - 1.6% 2.7% - 3%Bulgarian economy less impacted than Romania. Gradual recovery expected in 2012Source: IMF
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