Car market makes disappointing start to 2025

The new year began with losses for the car market, following the downward trend of the last months of 2024.

Passenger car registrations of saloon cars fell by 7.4% to 3,176 from 3,430 in January 2024.

It is noted that the number of new saloon cars were found to be almost at the same level as used cars, as of the total number of saloon passenger cars registered in January, 1,565 or 49.3% were new and 1,611 or 50.7% were used cars.

At the same time, hybrid cars continued their rapid growth, with their share reaching 44%, while the share of electric cars reached 5.6%.

Total passenger car market

According to data collected by CySTAT, total registrations of saloon passenger cars in January 2025 amounted to 3,176, of which 2,951 concerned private vehicles.

Toyota remained in first place, with 537 registrations, with Mazda and BMW following with 313 and 266 respectively.

Kia and Nissan recorded the same number of registrations (237 each), while the relevant list also includes Mercedes (197), Volkswagen (127), Honda (106), Hyundai (105) and Renault (91).

New saloon passenger cars

Registrations of new saloon passenger cars reached 1,565 in the first month of 2025, occupying 49.3% of the market.

Kia remained at the top, with 230 registrations, followed by BMW (151), Volkswagen (116), Toyota (110), with the top five being completed by Nissan's registrations (104).

The list of new saloon registrations includes brands such as Mercedes (101), Hyundai (98), Renault (87), Mini (70) and Volvo (55).

Used saloon passenger cars

Registrations of used saloon passenger cars accounted for 50.7% of the market in January this year, reaching 1,565, of which 1,476 were for private cars.

Toyota holds the lead, with 427 registrations, while Mazda is next, with 301 registrations. Nissan (133), BMW (115) and Mercedes (96) are also in the top five.

The list also includes popular brands in the market, including Honda (91), Land Rover (37), Audi (36), Suzuki (34) and Lexus (27).

(Source: InBusinessNews)