According to the latest statistics published by the Cyprus Statistical Service on Monday, July 8, 2024, the total number of vehicles registered on the island from January to June 2024 has risen by 19.2%, reaching 26,250 units, compared to 22,021 units during the same period in 2023.
Key Findings
The number of registered passenger sedans increased by 17.2%, reaching 20,623 units compared to 17,600 units in the first half of 2023. Of these, 8,791 (42.6%) were new vehicles, while 11,832 (57.4%) were used cars.
Car rental registrations saw a decline, dropping by 27.4% to 2,296 units in the same period.
Fuel and Vehicle Types
The share of gasoline-powered vehicles fell to 49.5% in the first half of 2024, down from 59.9% during the same period in 2023. Similarly, the percentage of diesel vehicles dropped slightly from 10.5% in 2023 to 10% in 2024.
On the other hand, the share of electric vehicles rose from 2.2% in 2023 to 3.3% in 2024, and hybrid vehicles saw a significant increase from 27.3% to 37.2%.
Other Vehicle Categories
Bus registrations declined to 87 units from 189 units in January-June 2024, compared to the same months in 2023.
The number of commercial vehicle registrations grew significantly by 40.8%, reaching 2,975 units, compared to 2,113 units in the previous year. Notably, light trucks increased by 43.5%, while heavy trucks grew by 31.2%. The registration of road tractors (trailers) surged by 88.5%, and rented vehicles increased by 6.4%.
The number of mopeds (with an engine capacity of less than 50cc) registered in the first half of 2024 reached 399 units, compared to 112 units in the same period of 2023. The number of motorcycles with an engine capacity of more than 50cc increased by 3%, reaching 1,800 units, compared to 1,747 units in the previous year.
June 2024 Registrations
In June 2024, the total number of registered vehicles reached 4,369 units, marking a 6.7% increase compared to June 2023, when 4,094 units were registered.
The number of registered passenger sedans in June 2024 rose by 8.9%, reaching 3,447 units compared to 3,166 units in June 2023.
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