Motor vehicles sales drop by an annual 9.4% in Jan.-Nov.

Total motor vehicles sales for the period of January – November 2021 declined by 9.4% year on year with vehicles sales registrations in November dropping by 38.1%, figures released on Wednesday by the Statistical Service of Cyprus show.

According to Cystat, total motor vehicles sales for January – November 2021 dropped to 32,698 compared to 36,079 in the respective period of last year.

Passenger saloon cars decreased to 25,067 from 28,000 in January- November 2020, recording a decrease of 10,5%. Of the total passenger saloon cars, 10,117 or 40.4% were new and 14,950 or 59.6% were used cars, Cystat added.

During January – November 2021 total registration of new vehicles rose by 9.6% year on year, while used vehicles sales dropped by an annual 21.3%.

In November 2021, the total registrations amounted to 2,353, recording a decrease of 38.1% compared to November 2020. Passenger saloon cars dropped by an annual 42.7% to 1,726 vehicles.

According to Cystat, new car sales in November declined by 19% compared to November 2020, while used car sales dropped by 49.5% year on year.