Car sales drop by 8.6% in January – May 2019

Total car sales observed a drop of 8.6% year on year in the period of January May 2019 declining to 19,682 from 21,526 in the respective period of 2018, the Cyprus Statistical Service said on Monday.

According to the data, saloon car sales marked a reduction of 10.4% declining to 16,078 from 17,947 in January May last year.

New car sales in the first five months of 2019 amounted to 7,314 recording a reduction of 12.5% compared to 8,363 in the respective period 2018, whereas used car sales dropped by 6% to 12,368 from 13,163 in January May 2018.

In May, total car sales amounted to 4,340 marking a reduction of 5,40% compared to 4,588 in May of last year, Cystat added.

Source: Cyprus News Agency