04/03/2015 16:55
Private saloon car sales increased by 25% in 2014 rebounding from the 2013-lows.
Sales reached 17.099 units compared to 13.679 in 2013, reflecting an increase in consumption.
This was the first increase since 2008, a record year for car registrations when they reached 49.100.
Since then and until 2013, registrations declined by about 72% reaching 13.679 in 2013 the lowest level since at least 2000.
Last year's increase was equally due to new and used cars resulting in a preservation of their respective market shares at 2013 levels with new cars consisting about 46% of new registrations.
The new cars share, reached 52% in 2012 but the dramatic events of 2013 had a profound negative impact on them.
Despite the economic crisis and although smaller and medium capacity cars (1000 cc - 1600 cc) continue to hold the lion's share, during the last years there was a gradual decline by about 5% which was gained by the 1800 cc -1900 cc category.
Engine capacities of 1.000 c.c. to 1.599 c.c. constituted 64% of the total 2014 new car registrations from close to 70% the previous years, while the 1800 cc - 1900 cc category increased its share to 15% from close to 10% in 2013.
The rest of the engine capacity categories enjoyed about the same market shares as in the past.
Cypriots seem to stick to their old habits as far as type of engine is concerned and not to be ready to switch to new, environmentally-friendly technologies as evident by the electric and hybrid sales which amounted to just 1,8% of total sales.
A major shift occurred in the two predominant categories of engine types as car owners turned from petrol to diesel cars.
Cars with petrol engines in 2014 constituted 59% of new car sales and 71% of used car sales (65,1% of total sales), when in previous years the respective shares were about 80%.
As a result the diesel cars increased their share in new cars to 40% compared to less than 20% in previous years, and to 27% in used cars compared to less than 20% before.
Japanese brands continue to be the predominant preference among car buyers especially in the small/medium capacity sector.
Toyota still holds the reigns as it enjoys a 13% market share in new registrations and 27% in used cars (20,3% of total).
Nissan closely follows in new car sales with a 12% share but only 8% in used ones while Mazda performs quite strongly in the used car sector (16%) but very poorly in the new car sector (1%).
Mercedes is the most preferred European brand and third overall as it commands a 6% share in the new car sales and 12% in the used car registrations (9,4% overall).
Sales reached 17.099 units compared to 13.679 in 2013, reflecting an increase in consumption.
This was the first increase since 2008, a record year for car registrations when they reached 49.100.
Since then and until 2013, registrations declined by about 72% reaching 13.679 in 2013 the lowest level since at least 2000.
Last year's increase was equally due to new and used cars resulting in a preservation of their respective market shares at 2013 levels with new cars consisting about 46% of new registrations.The new cars share, reached 52% in 2012 but the dramatic events of 2013 had a profound negative impact on them.
Despite the economic crisis and although smaller and medium capacity cars (1000 cc - 1600 cc) continue to hold the lion's share, during the last years there was a gradual decline by about 5% which was gained by the 1800 cc -1900 cc category.Engine capacities of 1.000 c.c. to 1.599 c.c. constituted 64% of the total 2014 new car registrations from close to 70% the previous years, while the 1800 cc - 1900 cc category increased its share to 15% from close to 10% in 2013.
The rest of the engine capacity categories enjoyed about the same market shares as in the past.
Cypriots seem to stick to their old habits as far as type of engine is concerned and not to be ready to switch to new, environmentally-friendly technologies as evident by the electric and hybrid sales which amounted to just 1,8% of total sales.
A major shift occurred in the two predominant categories of engine types as car owners turned from petrol to diesel cars.Cars with petrol engines in 2014 constituted 59% of new car sales and 71% of used car sales (65,1% of total sales), when in previous years the respective shares were about 80%.
As a result the diesel cars increased their share in new cars to 40% compared to less than 20% in previous years, and to 27% in used cars compared to less than 20% before.
Japanese brands continue to be the predominant preference among car buyers especially in the small/medium capacity sector.Toyota still holds the reigns as it enjoys a 13% market share in new registrations and 27% in used cars (20,3% of total).
Nissan closely follows in new car sales with a 12% share but only 8% in used ones while Mazda performs quite strongly in the used car sector (16%) but very poorly in the new car sector (1%).
Mercedes is the most preferred European brand and third overall as it commands a 6% share in the new car sales and 12% in the used car registrations (9,4% overall).
Related Articles
