Record 34.6% surge in vehicle registrations unveiled

In a gear-shifting revelation, Cyprus witnessed a remarkable 34.6% surge in vehicle registrations, hitting 45,494 in the period from January to December 2023, as reported by the Cyprus Statistical Service in their latest report titled ''Vehicle Registrations.''

As CNA reports, December 2023 alone saw a 35.4% spike in total vehicle registrations, reaching 2,994 compared to 2,211 in December 2022. Passenger car registrations soared by 45.5%, with saloons leading the pack at 2,468, up from 1,696 in December 2022.

Major Shifts in 2023:
- Passenger car saloon registrations rose by 37.6% to 36,608, with 40.0% being new and 60.0% used cars.
- Rental cars experienced a 36.0% increase, totaling 5,577.
- Bus registrations climbed from 85 in 2022 to 329 in 2023.
- Freight vehicle registrations saw a 12.3% increase to 4,374, with notable growth in light trucks, heavy trucks, road tractors, and rental vehicles.

Two-Wheeled Trends:
- Registrations for motorcycles < 50cc increased to 321 in 2023, up from 244 in 2022.
- Motorcycles > 50cc surged by 27.9%, reaching 3,324 in 2023 compared to 2,598 in 2022.

Global Players:
- Leading vehicle manufacturers in Cyprus for 2023 were Japan (42.9%), Germany (13.9%), France (7.2%), the United Kingdom (5.3%), and South Korea (4.9%).

Fueling Choices:
- In 2023, the majority (55.0%) of registered vehicles ran on gasoline, followed by diesel (18.0%), electric (2.9%), and hybrid (24.1%). In 2022, the corresponding percentages were 58.3%, 21.2%, 2.2%, and 18.3%.

This automotive surge showcases Cyprus embracing a diverse range of vehicles, reflecting the changing landscape of the island's roads.

[With information sourced from CNA]