Cyprus vehicle registrations increased 34.6% in 2023
Cyprus recorded an increase in registered vehicles throughout the year 2023, according to the latest report from the Cyprus Statistical Service (CSS), Motor Vehicle Registrations. The total number of registered vehicles experienced a 34.6 per cent growth, reaching 45,494 compared to 33,795 in the same period in 2022.
In December 2023, the trend persisted, with total motor vehicle registrations reaching 2,994, marking a 35.4 per cent increase from the 2,211 registrations recorded in December 2022. Saloon passenger car registrations notably rose by 45.5 per cent to 2,468 from 1,696 in December 2022.
Examining broader trends for the entire year of 2023, passenger saloon car registrations increased by 37.6 per cent, totalling 36,608 compared to 26,598 in 2022. Of these registrations, 40.0 per cent were new cars, while 60.0 per cent were used cars. Rental cars also experienced growth, with a 36.0 per cent increase to 5,577.
Other categories witnessed notable changes, with bus registrations increasing to 329 in 2023, up from 85 in 2022. Cargo vehicle registrations reached 4,374 in 2023, reflecting a 12.3 per cent increase from the previous year. Light trucks increased by 8.2 per cent to 3,409, heavy trucks by 40.9 per cent to 534, road tractors (trailers) by 67.0 per cent to 157, and rental vehicles by 1.1 per cent to 274.
Two-wheeled vehicles followed suit, with registrations of mopeds (<50cc) increasing to 321 in January-December 2023, compared to 244 in the same period in 2022. Motorcycle registrations (>50cc) showed a 27.9 per cent increase, reaching 3,324 in 2023 compared to 2,598 in 2022.
The report also highlighted the main manufacturers of motor vehicles registered in Cyprus during 2023, with Japan leading at 42.9 per cent, followed by Germany (13.9 per cent), France (7.2 per cent), the United Kingdom (5.3 per cent), and South Korea (4.9 per cent).
In terms of fuel preferences, 55.0 per cent of vehicles registered in 2023 were petrol, while 18.0 per cent were diesel, 2.9 per cent electric, and 24.1 per cent hybrid. Comparatively, the percentages for 2022 were 58.3 per cent petrol, 21.2 per cent diesel, 2.2 per cent electric, and 18.3 per cent hybrid.