New figures show an increase in car sales in Cyprus.
In February 2024, the total registrations of motor vehicles numbered 4.346, recording an increase of 55,5% compared to 2.795 in February 2023. Passenger saloon cars registered a rise of 50,5% to 3.443, from 2.287 in February 2023.
The main developments during the period January-February 2024 compared to the corresponding period of 2023 are summarised as follows:
(a) The total registrations of motor vehicles increased by 45,0% to 8.589 in January-February 2024, from 5.923 in January – February 2023.
(b) Passenger saloon cars increased to 6.873 from 4.780 in January – February 2023, recording a rise of 43,8%. Of the total passenger saloon cars, 3.028 or 44,1% were new and 3.845 or 55,9% were used cars. Rental cars in particular recorded a fall of 5,6% to 506.
(c) The share of petrol powered passengers’ cars to the total of this category of vehicles decreased in January – February 2024 to 50,3% (from 58,4% in the corresponding period of the preceding year) and that of diesel powered cars to 10,3% in 2024 from 11,4% in 2023. On the other hand, the share of electric cars rose from 2,6% in 2023 to 3,1% in 2024 and of hybrid cars from 27,6% to 36,3%.
(d) Motor coaches and buses registered in January – February 2024 increased to 59, from 15 in the same period of 2023.
(e) Goods conveyance vehicles increased by 58,4% to 966 in January-February 2024, compared to 610 in January – February 2023. In particular, light goods vehicles increased by 62,8% to 765, heavy goods vehicles by 18,6% to 102, road tractors (units of trailers) by 57,1% to 33 and rental vehicles doubled to 66.
(f) Mopeds < 50cc registered in January – February 2024 increased to 92 compared to 21 in the corresponding period of the previous year.
(g) Mechanised cycles > 50cc increased by 21,3% to 484 in January-February 2024, compared to 399 in the same period of 2023.
