CYPRUS: Vehicle sales drop 10% in first six months 2019

Vehicle registrations dropped by 10% in the first six months of 2019, compared with the same period of 2018, Cyprus Statistical Service data shows.

In the six-month period of January – June 2019 total vehicle registrations declined to 23,449 compared to 26,059 in the same period last year.

 

New cars recorded the highest decrease with an annual 11.2% slump to 8,887 in 1H 2019, compared to 10,005 in January – June 2018, while used car registrations dropped by 9.3% to 14,562 from 16,054 in the same period of 2018.

The majority of passenger car sales were second hand (64.8%) while just over a third (35.2%) were new cars.

Registration of saloon cars also dropped by 11.7% to 19,102 from 21,642 in the period of 2018.

 

Goods conveyance vehicles increased by 2.6% to 2,680 in January-June from 2,613 last year. Light goods vehicles increased by 3.3% to 2,306, heavy goods vehicles decreased by 2.2% to 273 and road tractors (units of trailers) decreased by 1% to 101.

 

Moped registrations increased to 165 in January-June 2019, compared to 149 in January-June 2018.

Motorcycles (with engines over 50cc) sales dropped by 8,6% to 1,189 compared to 1,301 in the same period last year.