Total vehicle registrations in Cyprus fell 13.6% in February 2025, reaching 3,757 compared to 4,346 in the same month last year, according to new data from the Statistical Service.
The January-February 2025 period showed an overall 8.8% decline, with total registrations at 7,834 versus 8,589 during the comparable period in 2024.
Passenger car registrations experienced a more significant downturn, dropping 15.5% to 2,908 in February 2025 from 3,443 a year earlier. For the first two months of 2025, passenger car registrations declined 11.5% to 6,084 from 6,873 in the same period of 2024.
The market continues to show a preference for pre-owned vehicles, with used cars accounting for 53.2% (3,235) of total passenger registrations, while new vehicles represented 46.8% (2,849). Rental car registrations bucked the downward trend, increasing 9.7% to 555 units.
Significant shift in fuel preferences
The data reveals a substantial transition in consumer preferences regarding vehicle propulsion systems:
- Hybrid vehicles now constitute 43.9% of the market, an increase of 7.6 percentage points from 36.3% in 2024
- Electric vehicles reached 5.3%, up 2.2 percentage points from 3.1% last year
- Petrol-powered vehicles declined to 41.6%, dropping 8.7 percentage points from 50.3% in 2024
- Diesel vehicles fell to 9.2%, a reduction of 1.2 percentage points from 10.4% in 2024
Commercial vehicle market contraction
The commercial vehicle sector showed mixed results:
- Bus registrations dropped significantly by 66.1% to just 20 units compared to 59 in February 2024
- Freight transport vehicles declined 5.3% to 915 from 966 a year earlier
- Light commercial vehicles increased slightly by 1.0%
- Heavy goods vehicles fell 12.7%
- Trailer registrations decreased 15.2%
- Rental commercial vehicles showed a steep 62.1% decline
Motorcycle market polarisation
The two-wheel market displayed contrasting trends:
- Registrations of motorcycles over 50cc increased substantially by 36.6% to 661 units from 484 in 2024
- Moped registrations (under 50cc) fell 46.7% to 49 units from 92 a year earlier
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