Total registrations of motor vehicles records annual increase of 16.6%

The total registrations of motor vehicles recorded an annual increase of 16.6% in January-July 2024, according to CySTAT, which announced the publication of a report entitled "Registration of Motor Vehicles" for the period January-July 2024.

The report says that in July 2024, the total registrations of motor vehicles numbered 4,614, recording an increase of 3.9% compared to 4,441 in July 2023. Passenger saloon cars registered a fall of 2.1% to 3,503, from 3.578 in July 2023.

The total registrations of motor vehicles increased by 16.6% to 30,864 in January-July 2024, from 26,462 in January-July 2023.

Passenger saloon cars increased to 24,126 from 21,178 in January-July 2023, recording a rise of 13.9%. Of the total passenger saloon cars, 10,151 or 42.1% were new and 13,975 or 57.9% were used cars. Rental cars in particular recorded a fall of 32.0% to 2,694.

The share of petrol-powered passengers’ cars to the total of this category of vehicles decreased in January-July 2024 to 50% (from 59.5% in the corresponding period of the preceding year) and that of diesel-powered cars to 10% in 2024 from 10.2% in 2023. On the other hand, the share of electric cars rose from 2.5% in 2023 to 3.2% in 2024 and of hybrid cars from 27.8% to 36.8%.

Motor coaches and buses registered in January-July 2024 decreased to 99, from 211 in the same period of 2023.

Goods conveyance vehicles increased by 40.2% to 3,523 in January-July 2024, compared to 2,512 in January-July 2023. In particular, light goods vehicles increased by 43.5% to 2,805, heavy goods vehicles by 34.2% to 412, road tractors (units of trailers) by 89.2% to 140, while rental vehicles decreased by 5.7% to 166.

The number of Mopeds < 50cc registered in January-July 2024 increased to 480 compared to 162 in the corresponding period of the previous year.

Mechanised cycles > 50cc increased by 6.1% to 2,218 in January-July 2024, compared to 2,090 in the same period of 2023.

(Source: CNA)