10/02/2009 09:48
Luxury car importers in Cyprus expect that sales will drop due to the financial crisis. In his statements to StockWatch, Sales and Marketing Manager of Mercedes, Lakis Kostekoglou said that despite the decline in the volume of sales, the Company tries to keep its market share.
“I believe that things in the sector will deteriorate in the next few months and the Company’s sales will be affected”, he noted,
According to latest official data released by OEB yesterday, Mercedes ranks first in the buyers’ preference, since of the total 3,342 saloon car registrations in January (new and used), 517 were Mercedes (market share of 15.47%), followed by BMW with 435 registrations and a market share of 13.02%.
Toyota ranks third with 344 or market share of 10.29%, followed by Suzuki (342 or 10.23%) and Nissan.
Honda holds a market share of 6.01%, while Volkswagen and Ford hold 5.60% and 4.16% respectively.
Total saloon car registrations in January 2009 fell 26% to 3,342 from 4,512 last year.
“I believe that things in the sector will deteriorate in the next few months and the Company’s sales will be affected”, he noted,
According to latest official data released by OEB yesterday, Mercedes ranks first in the buyers’ preference, since of the total 3,342 saloon car registrations in January (new and used), 517 were Mercedes (market share of 15.47%), followed by BMW with 435 registrations and a market share of 13.02%.
Toyota ranks third with 344 or market share of 10.29%, followed by Suzuki (342 or 10.23%) and Nissan.
Honda holds a market share of 6.01%, while Volkswagen and Ford hold 5.60% and 4.16% respectively.
Total saloon car registrations in January 2009 fell 26% to 3,342 from 4,512 last year.
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