Motor vehicle registrations up 25% on an annual basis in January-May 2023

15:56 - 09 June 2023

Economy

The total registrations of motor vehicles increased by 24.9% to 17,927 in January-May 2023, from 14,353 in January-May 2022, according to data published by CySTAT.

Passenger saloon cars increased to 14,434 from 11,513 in January-May 2022, recording a rise of 25.4%. Of the total passenger saloon cars, 6,475 or 44.9% were new and 7,959 or 55.1% were used cars. Rental cars in particular recorded a rise of 31% to 2,634.

Motor coaches and buses registered in January-May 2023 increased to 115, from 47 in the same period of 2022. Goods conveyance vehicles increased by 12% to 1,733 in January-May 2023, compared to 1,548 in January-May 2022. In particular, light goods vehicles increased by 6.5% to 1,338, heavy goods vehicles by 45.3% to 215, road tractors (units of trailers) by 86.2% to 54 and rental vehicles by 9.6% to 126.

Mopeds under 50cc registered in January-May 2023 decreased to 61 compared to 126 in the corresponding period of the previous year, while motorcycles over 50cc increased by 40.2% to 1,373 in January-May 2023, compared to 979 in January-May 2022.

In May 2023, the total registrations of motor vehicles numbered 4,747, recording an increase of 29.3% compared to 3,671 in May 2022. Passenger saloon cars registered a rise of 34.9% to 3,888, from 2,882 in May 2022.

(Source: CNA)

Motor vehicle registrations up 25% on an annual basis in January-May 2023

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