CYPRUS: Vehicle sales drop 10% in first six months 2019

Vehicle registrations dropped by 10% in the first six months of 2019, compared with the same period of 2018, Cyprus Statistical Service data shows.

In the six-month period of January June 2019 total vehicle registrations declined to 23,449 compared to 26,059 in the same period last year.

New cars recorded the highest decrease with an annual 11.2% slump to 8,887 in 1H 2019, compared to 10,005 in January June 2018, while used car registrations dropped by 9.3% to 14,562 from 16,054 in the same period of 2018.

The majority of passenger car sales were second hand (64.8%) while just over a third (35.2%) were new cars.

Registration of saloon cars also dropped by 11.7% to 19,102 from 21,642 in the period of 2018.

Goods conveyance vehicles increased by 2.6% to 2,680 in January-June from 2,613 last year. Light goods vehicles increased by 3.3% to 2,306, heavy goods vehicles decreased by 2.2% to 273 and road tractors (units of trailers) decreased by 1% to 101.

Moped registrations increased to 165 in January-June 2019, compared to 149 in January-June 2018.

Motorcycles (with engines over 50cc) sales dropped by 8,6% to 1,189 compared to 1,301 in the same period last year.

Source: The Financial Mirror