articles | 13 January 2020

Vehicle sales at five-year low

Vehicle sales fell 5.2% in 2019, the first drop after five consecutive years, the statistical service said on Friday.

According to the service, vehicle registrations in 2019 reached 46,896 against 49, 450 the previous year.

The drop is mainly due to a reduction in the sale of passenger cars, which made up 80.6% of the total.

Saloon car registrations fell by 7.1% to 37,802 in 2019, versus 40,683 in 2018, the statistical service said.

Most of the passenger cars sold last year, 66.7%, or 25,201, were second hand, down from 67.7% in 2018.

New passenger cars sales recorded a slight increase over the previous year, 33.3%, or 12,601, compared with 32.3%.

Bus registrations fell to 175 in 2019 from 211 the previous year, while the sale of vans and trucks rose by 9.7% to 5,786.

Broken down, the sale of light trucks rose 9.7% to 4,992, while heavier load carriers recorded a 9.8% rise in sales to 596.

The sale of mopeds under 50cc dropped 8.8% to 280 in 2019, while bigger motorcycles saw a 4.3% slump in sales to 2.433.

Other EU countries were the main suppliers of vehicles to Cyprus with a 57.3% share. Japan came second with 26.8%, the statistical service said.

Source: Cyprus Mail

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