Motor vehicles sales up by 16% in January – August, rising share of EV/ hybrid cars

07:44 - 10 September 2024

Economy Reporter

Total motor vehicle sales for the period of January to August rose by an annual 16% with saloon car sales increasing by 13%, including rising sales of EV and hybrid cars, data published by CySTAT show.

Total registrations of motor vehicles increased by 15.9% to 34,391 in January-August 2024, from 29,673 in the respective period of last year.

According to CySTAT, passenger saloon cars increased to 26,902 from 23,777 in January-August 2023, recording a rise of 13.1%, while of the total passenger saloon cars, 10,963 or 40.8% were new and 15,939 or 59.2% were second hand.

Rental cars in particular recorded a fall of 27.8% to 3,180.

Furthermore, the share of petrol-powered passengers’ cars to the total of this category of vehicles decreased in January-August 2024 to 50.1% (from 59.8% in the corresponding period of the preceding year) and that of diesel-powered cars to 9.9% in 2024 from 10.2% in 2023.

The share of electric cars rose from 2,4% in 2023 to 3.3% in 2024 and of hybrid cars from 27.5% to 36.8%, CySTAT added.

(Source: CNA)

Motor vehicles sales up by 16% in January – August, rising share of EV/ hybrid cars

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