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Cyprus car sales at full throttle

Car sales across Cyprus are at their biggest high since 2010, according to the recent figures released by the Cyprus Statistical Services.

For the first six months of 2017, a total of 22,157 vehicles were registered – the biggest figures recorded since 2010, which had seen 23,562 vehicles registered in the first six months. Another indication of the good year in sales for the first half of 2017 is the fact that for the entire year for 2014, 22,203 vehicles were sold.

2010 had been the year in which motor sales had begun to dip which culminated in the all-time low of 2013 when vehicle sales for the whole year had stood at 18,567.

According to car dealerships, the rise in sales is mostly seen in saloon cars which have seen a 34% climb in demand (18,290 sold) compared to the figures from the first half of 2016 when 13,646 saloon cars were sold.

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Japanese cars continue to be the preferred vehicle of choice for motorists in Cyprus.

Out of the 15,343 private saloon (not trade) vehicles sold in the first half of 2017, 58% concern vehicles from four motor companies – Toyota (2,669), Mercedes (2,019), Nissan (1,700) and Mazda (1,537).

They are followed by BMW, Volkswagon, Ford, Honda and KIA.

A total of 5,744 private saloon cars were bought brand new while 9,599 were purchased second hand.

The most popular second hand cars sold are Toyota (1,980), Mercedes (1,630) and Mazda (1,441). Nissan, Toyota and Ford are in the top three for brand new cars sold.

Out of the 2,674 rental cars bought for the first six months of 2017, 567 were Nissan and 510 were KIA, followed by Honda and Toyota.

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