Motor vehicle sales declined for a third consecutive month in March 2022, with car sales marking a reduction of 24.3% compared with the respective month of last year, data released on Monday by the Statistical Service of Cyprus (Cystat) show.
The new drop follows annual reductions of 10% in February and 23% in January.
According to Cystat, in the first three months of 2022, motor vehicle registrations marked a reduction of 19.4% compared with the respective period of last year.
In March 2022, total registrations of motor vehicles amounted to 2,431, compared to 3,210 in March 2021, with passenger saloon cars registrations dropping by 19.8% to 1,904 from 2,375 in March 2021.
For the period of January – March 2022, total registrations dropped by 19.4% year on year to 7,872 in January-March 2022, from during the respective period of last year.
Passenger saloon cars decreased to 6,382 from 7,553 in January-March 2021, registering a reduction a fall of 15.5%. Of the total passenger saloon cars, 3,060 or 47.9% were new and 3,322 or 52.1% were used, Cystat added.
Goods conveyance vehicles decreased by 29.7% to 818 in January-March 2022, compared to 1,164 in January-March 2021.
Motor coaches and buses registered in January-March 2022 increased to 36, from 16 in the same period of 2021.
Source: Cyprus News Agency