Motor vehicles registrations up by 28.1 % in January-August 2023

07:54 - 11 September 2023

Economy Reporter

The total registrations of motor vehicles increased by 28.1% in January-August 2023, compared to the same period of 2022, according to data published by CySTAT.

Total motor vehicles' registrations amounted to 29,673 in January-August 2023, from 23,169 in January-August 2022.

Passenger saloon cars increased to 23,777 from 18,445 in January-August 2022, recording a rise of 28.9%. Of the total passenger saloon cars, 9,964 or 41.9% were new and 13.813 or 58.1% were used cars. Rental cars in particular recorded a rise of 40.5% to 4,405.

Motor coaches and buses registered in January-August 2023 increased to 231, from 56 in the same period of 2022. Goods conveyance vehicles increased by 1.7% to 2,788 in January-August 2023, compared to 2,497 in January-August 2022. In particular, light goods vehicles increased by 8.4% to 2,171, heavy goods vehicles by 32.7% to 345, road tractors (units of trailers) by 48.2% to 83 and rental vehicles by 6.2% to 189.

In addition, mopeds < 50cc registered in January-August 2023 increased to 206 compared to 191 in the corresponding period of the previous year, while mechanised cycles > 50cc increased by 33.2% to 2,324 in January-August 2023, compared to 1,745 in the same period of 2022.

In August 2023, the total registrations of motor vehicles numbered 3,211, recording an increase of 29.3% compared to 2,484 in August 2022. Passenger saloon cars registered a rise of 28.8% to 2,599, from 2,018 in August 2022.

(Source: CNA)

Motor vehicles registrations up by 28.1 % in January-August 2023

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