Vehicle registrations up by 32.5% in first ten months of this year

08:27 - 09 November 2023

Economy Reporter

The total registrations of motor vehicles increased by 32.5% to 38,503 in January-October 2023, from 29,062 in January-October 2022, according to data published by CySTAT. Moreover, in October 2023 vehicle registrations almost doubled, compared to October 2022.

Out of the total of 38,503 new car registrations in the first ten months of this year, 1,809 were electric and 8,875 were hybrid.

Passenger saloon cars increased to 30,897 from 23,045 in January-October 2022, recording a rise of 34.1%. Of the total passenger saloon cars, 12,651 or 40.9% were new, and 18,246 or 59.1% were used cars. Rental cars in particular recorded a rise of 40.6% to 5,157.

Motor coaches and buses registered in January-October 2023 increased to 279, from 72 in the same period of 2022. Goods conveyance vehicles increased by 15.6% to 3,676 in January-October 2023, compared to 3,181 in January-October 2022. In particular, light goods vehicles increased by 12.2% to 2,872, heavy goods vehicles by 41.9% to 444, road tractors (units of trailers) by 65.8% to 126, and rental vehicles by 0.4% to 234.

Furthermore, mopeds < 50cc registered in January-October 2023 increased to 263 compared to 214 in the corresponding period of the previous year. Registered motorcycles > 50cc increased by 30.7% to 2,927 in January-October 2023, compared to 2,239 in the same period of 2022.

In October 2023, the total registrations of motor vehicles numbered 4,223, recording an increase of 70.2% compared to 2,481 in October 2022. Passenger saloon cars registered a rise of 82.5% to 3,398, from 1,862 in October 2022.

(Source: CNA)

Vehicle registrations up by 32.5% in first ten months of this year

News Feed

Read More