Car sales slump 19.6% in September

In September, annual car sales plunged 19.6%, while vehicle registrations were also down by nearly 5% for the first nine months of the year. Last month, total registrations of motor vehicles were

‘Generous’ incentives to buy electric

Cyprus is taking another step towards clean mobility as authorities gear up to launch an attractive €10,000 incentive package to encourage motorists to scrap their old petrol cars for a new environmentally-friendly

Car sales continue to drop into 2021

In the first two months, car sales continued on their downward spiral that started two years ago, compounded when the coronavirus pandemic struck the industry in 2020. According to the Cyprus Statistical

Car sales dip 18.4% in 2020

Car sales last year reached their lowest ebb since 2016 with registrations in 2020 down by 18.4% with the pandemic playing a major role. It was the second year running that passenger

Passenger car sales drop 21% in October

Motor vehicle sales were affected by the pandemic in Cyprus dropping by an annual 18.5% in the first 10 months to October. During this period there was a two-month lockdown from March

Power surge for electric vehicles

In a push to promote electric vehicles the government is preparing another incentive scheme to tempt motorists to scrap their conventional cars by essentially offering them a way to charge their electric

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