Motor vehicles registrations up 19.2% in the first half of 2024, year on year

The total registrations of motor vehicles increased by 19.2% to 26,250 in January-June 2024, from 22,021 in January-June 2023, according to data published by CySTAT.

Passenger saloon cars increased to 20,623 from 17,600 in January-June 2023, recording a rise of 17.2%.

Of the total passenger saloon cars, 8,791 or 42.6% were new and 11,832 or 57.4% were used cars.

Rental cars in particular recorded a fall of 27.4% to 2,296.

The share of petrol powered passengers’ cars to the total of this category of vehicles decreased in January-June 2024 to 49.5% (from 59.9% in the corresponding period of the preceding year) and that of diesel powered cars to 10% in 2024 from 10.5% in 2023. On the other hand, the share of electric cars rose from 2.2% in 2023 to 3.3% in 2024 and of hybrid cars from 27.3% to 37.2%.

Motor coaches and buses registered in January-June 2024 decreased to 87, from 189 in the same period of 2023. Goods conveyance vehicles increased by 40.8% to 2,975 in January-June 2024, compared to 2,113 in January-June 2023. In particular, light goods vehicles increased by 43.5% to 2,369, heavy goods vehicles by 31.2% to 341, road tractors (units of trailers) by 88.5% to 115 and rental vehicles by 6.4% to 150.

Mopeds < 50cc registered in January-June 2024 increased to 399 compared to 112 in the corresponding period of the previous year. Motorcycles > 50cc increased by 3% to 1,800 in January-June 2024, compared to 1,747 in the same period of 2023.

In June 2024, the total registrations of motor vehicles numbered 4,369, recording an increase of 6.7% compared to 4,094 in June 2023. Passenger saloon cars registered a rise of 8.9% to 3,447, from 3,166 in June 2023.

(Source: CNA)