Impact of global automotive developments in Bulgaria and key insights
According to 74 percent of the automotive executives taking part in KPMG’s annual Global Automotive Executive Survey, the share of vehicles manufactured in Western Europe will be less than five percent by 2030, with production moving in large part to Asia. As a result, the Bulgarian suppliers part of the growing automotive supplier sector in the country will need to reconsider logistics and supply chain management to reflect this shift, which will also affect their cost models.
What else is in store for the sector, according to KPMG’s Survey? In line with the global trends, Bulgaria is likely to see the expected decline of physical dealerships: the number of car dealerships will drop by 30 to 50 percent by 2025, 56% of the executives are more or less certain. The dealers aiming to survive will probably undergo restructuring of their business model into a service facility or a car hub.
For the full global picture, here are other key insights about the automotive industry from KPMG:
For further details, check out the interactive platform for KPMG’s Global Automotive Executive Survey at www.kpmg.com/GAES2018 and compare statistics by country, region, question asked and more.
About the survey: KPMG’s 19th annual Global Automotive Executive Survey involves 900 executives in the automobile and technology industry and approximately 2,100 consumers from around the world. It outlines the current perceptions and long term trends along the whole automotive value chain including vehicle manufacturers, Tier 1, 2 and 3 suppliers, dealers, financial services providers, mobility service providers and for the first time also information and communication technology companies.
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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.