Economy category powered by

Total registrations of motor vehicles up 33.5% in first four months of 2024

Total registrations of motor vehicles increased by 33.5% to 17,589 in January-April 2024, from 13,180 in January-April 2023, according to Cystat.

Passenger saloon cars increased to 13,851 from 10,546 in January-April 2023, recording a rise of 31.3%. Of the total passenger saloon cars, 6,073 or 43.8% were new and 7,778 or 56.2% were used cars. Rental cars in particular recorded a fall of 18.5% to 1,399.

The share of petrol powered passengers’ cars to the total of this category of vehicles decreased in January-April 2024 to 48.9%, from 60.1% in the corresponding period of the preceding year and that of diesel powered cars to 10% in 2024 from 11% in 2023.

On the other hand, the share of electric cars rose from 2.3% in 2023 to 3.6% in 2024 and of hybrid cars from 26.6% to 37.4%.

Motor coaches and buses registered in January-April 2024 increased to 78, from 68 in the same period of 2023. Goods conveyance vehicles increased by 47.4% to 1,963 in January-April 2024, compared to 1,332 in January-April 2023. In particular, light goods vehicles increased by 48.5% to 1,550, heavy goods vehicles by 40% to 231, road tractors (units of trailers) by 91.9% to 71 and rental vehicles by 29.1% to 111.

Mopeds < 50cc registered in January-April 2024 increased to 364 compared to 35 in the corresponding period of the previous year. Additionally, mechanised cycles > 50cc increased by 6.6% to 1,099 in January-April 2024, compared to 1,031 in the same period of 2023.

In April 2024, the total registrations of motor vehicles numbered 4,762, recording an increase of 59.4% compared to 2,987 in April 2023. Passenger saloon cars registered a rise of 60.5% to 3,662, from 2,282 in April 2023.

(Source: CNA)

Read More

Tourist arrivals up 7.5% in Q1, down 0.8% in March
Cyprus-Germany Business Association holds networking event in Nicosia
Makis Keravnos urges structured dialogue between EU-USA on tariffs
New era at CIBA with Vassilios Demetriades at the helm
Cabinet approves bills for national unit to implement economic sanctions
Second-placed Cyprus among the EU members transporting most freight by sea in 2023
The profiles, HQs, assets under management and more of Plug and Play Tech Center and Tenstorrent
Invest Cyprus joined President Christodoulides on roadshow to strengthen US–Cyprus strategic ties
How to develop the Cypriot economy through the eyes of businesses... Their demands and proposals
Antonis Fragoudis: Cyprus's accession to the Schengen zone is a catalyst for attracting investments