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ECONOMY

Vehicle Registrations Drop By 10% in the First Half of 2019

Vehicle Registrations Drop By 10% in the First Half of 2019

Vehicle registrations dropped by 10% in the first six months of 2019, compared with the respective period of 2018, the Cyprus Statistical Service (Cystat) has said.
 
In the period of January – June of 2019 total vehicle registrations declined to 23,449 compared to 26,059 in the respective period of last year.
 
New cars recorded the highest decrease with an annual 11.2% dropping to 8,887 in the first six months of 2019, compared to 10,005 in January – June 2018, while used vehicle registrations dropped by 9.3% to 14,562 compared with 16,054 in the respective period of 2018.
 
Registration of saloon cars dropped by 11.7% to 19,102 compared with 21,642 in the period of January – June of 2018.
 
According to Cystat, goods conveyance vehicles increased by 2.6% to 2,680 in January-June 2019, compared to 2,613 in January-June 2018. Light goods vehicles increased by 3.3% to 2,306, heavy goods vehicles decreased by 2.2% to 273 and road tractors (units of trailers) decreased by 1.0% to 101.
 
Scooters registrations increased to 165 in January-June 2019, compared to 149 in January-June 2018.

Motorcycles (with engines over 50 cubic centimetres) sales dropped by 8,6% to 1,189 in the first six months of 2019, compared to 1,301 in the corresponding period of 2018, Cystat added.

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