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

Dr Nakis Antoniou: Larnaca is standing on the cusp of transformation
Retail trade up 5.6% in both value and volume in March
Cyprus records €580.6m budget surplus in Q1 2025
Deadline for submission of income tax return for individuals on 31 July
EU report reveals Cyprus has highest share of online clothes shoppers and social media users
We enjoy a very strong relationship with Cyprus, advisor to Qatari Prime Minister says
Cyprus expects competent agency to implement GSI, Energy Minister says
Cypriots see business opportunities but fear failure, according to survey
Industrial production up 4.3% y-o-y in first two months of 2025
Tourism revenues are soaring: 35% increase to €148.9m in the first two months of 2025