Dynamic car market predicted if Bosnia joins EU

September 22, 2016

An application for Bosnia and Herzegovina to formally join the EU has been accepted, which could lead to future growth in its new car market and growing demand for younger used cars. EU member states said the future of the Western Balkans ‘lies in the European Union’ and urged the country to press ahead with social and economic reforms during an approval process for membership that can take several years and involve thousands of checks. Nearly 4,500 new cars were sold in Bosnia Herzegovina in H1 2016, a rise of 22%. New EU members, such as Poland, historically saw increased wealth after joining which led to increased new car demand and also changes in the used car market as buyers exchanged older cars for younger used models, which increased values.




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March 31, 2017

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