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12° Nicosia,
25 June, 2024
 

75.6% increase in motor vehicle registrations in March 2023

Cyprus sees significant increase in motor vehicle registrations in Q1 2023, with passenger cars leading the way

Source: CNA

Total registrations of motor vehicles in March 2023 numbered 4,270, recording an increase of 75.6% compared to 2,431 in March 2022, according to the report entitled "Registration of Motor Vehicles" for the period January-March 2023, published by the Cyprus Statistical Service on Monday.

Out of the 4,270 new registrations, 2,245 were new motor vehicles, and 2,025 were used. Passenger saloon cars registered a rise of 83% to 3,484 from 1,904 in March 2022. Coaches and buses decreased to just six from 27, recording a decrease of 77.8%. Goods conveyance vehicles recorded an increase of 50.2% to 419 from 279 in March 2022.

Mopeds of less than 50cc also recorded a huge decrease of 81.1% to just seven in March 2023, compared to 37 in the same month of the previous year, while an increase of 95.8% was recorded for motorcycles over 50cc, since 323 were registered in March 2023, compared to 165 in March 2022.

During the period January-March 2023, compared to the corresponding period of 2022, the total registrations of motor vehicles increased by 29.5% to 10,193 in January-March 2023, from 7,872 in January-March 2022.

Passenger saloon cars increased to 8,264 from 6,382 in January-March 2022, recording a rise of 29.5%. Of the total passenger saloon cars, 4,009, or 48.5% were new, and 4,255, or 51.5% were used cars. Rental cars, in particular, recorded a rise of 33.6% to 1,168.

Coaches and buses registered in January-March 2023 decreased to 21, from 36 in the same period of 2022. Goods conveyance vehicles increased by 25.8% to 1,029 in January-March 2023, compared to 818 in January-March 2022. In particular, light goods vehicles increased by 23.3% to 793, heavy goods vehicles by 72.6% to 145, and road tractors (units of trailers) by 141.7% to 29, while rental vehicles decreased by 21.5% to 62.

Mopeds of less than 50cc registered in January-March 2023 decreased to 28 compared to 73 in the corresponding period of the previous year, while motorcycles of more than 50cc increased by 50.4% to 722 in January-March 2023, compared to 480 in January-March 2022.

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Cyprus  |  economy

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