Cyprus’s car market is continuing on an upward trajectory. In the January–July 2026 period, registrations of passenger saloon cars rose by 11.1% to 26,841, up from 24,158 in the same seven months of 2025. In July alone, saloon car registrations increased by 2.2% to 4,244, compared with 4,154 in July 2025.
Overall passenger saloon car market
Total passenger saloon car registrations for January–July 2026 stood at 26,841, of which 23,558 were private cars.
At the top of the overall saloon car market, Toyota remains firmly in the lead with 6,208 registrations. It is followed by Mazda (2,990), Nissan (1,998) and BMW (1,689), with Mercedes rounding out the top five on 1,395.
Other notable brands in the overall saloon car rankings include Honda (1,019), Kia (990), Volkswagen (706), BYD (548), Audi (542) and Hyundai (509).
New passenger saloon cars
Registrations of new passenger saloon cars in the first seven months of 2026 reached 8,614 – 32.1% of the saloon market – of which 7,542 were private cars.
Kia leads the new-car segment with 943 registrations. Toyota follows with 652, Nissan with 616, while BYD has emerged as a significant player with 540 registrations. BMW completes the top five with 520.
Other brands featuring in the new saloon car rankings include Volkswagen (495), Hyundai (450), Mercedes (368), Renault (327) and Jeep (290).
Used passenger saloon cars
Used cars continue to dominate the market, accounting for 67.9% of saloon registrations in the first seven months of 2026, with 18,227 units (16,016 private cars). These figures cover both dealer-sold used cars and those imported/sold via independent used-car traders.gov+1
Toyota also leads the used saloon segment with 5,556 registrations, followed by Mazda (2,954), Nissan (1,382), BMW (1,169) and Mercedes (1,027).
Other brands in the used saloon list include Honda (953), Lexus (339), Audi (331), Suzuki (279) and Volvo (276).
Hybrids take the lead
Hybrid vehicles are consolidating their dominance. Their market share among passenger saloon cars rose to 51.9% in January–July 2026, up from 43.3% in the same period of 2025.
The share of fully electric saloons edged up slightly to 4.8% from 4.65%, while petrol-powered saloons saw their share fall to 35.5% from 43.3%. Diesel’s share also declined, to 8% from 8.5%.
This shift underlines a clear buyer preference for electrified powertrains, with hybrids now accounting for more than half of all saloon car registrations, even as fully electric uptake remains modest.
(Source: InBusinessNews)
