Used vehicle registrations drive Cyprus motor market growth

Nicosia, Cyprus. Used vehicles drove an 11.5 per cent increase in motor vehicle registrations in Cyprus during the first seven months of 2026, while registrations of new vehicles declined, according to figures released by the Statistical Service, Cystat, on Friday.

A total of 34,787 motor vehicles were registered between January and July, compared with 31,200 during the corresponding period of 2025.

New and used registrations

Used vehicle registrations rose by 24.1 per cent to 21,270 from 17,144 in the first seven months of the year. New vehicle registrations fell by 3.8 per cent to 13,517 from 14,056.

In July, total registrations increased by 3.3 per cent to 5,420, compared with 5,246 in July 2025. New registrations declined by 3.4 per cent to 2,076, while used vehicle registrations rose by 8 per cent to 3,344.

Passenger cars

Passenger saloon car registrations increased by 11.1 per cent to 26,841 between January and July, from 24,158 in the same period of 2025.

Of the total passenger saloon car registrations, 8,614, or 32.1 per cent, were new vehicles, while 18,227, or 67.9 per cent, were used.

Passenger car registrations in July rose by 2.2 per cent to 4,244, compared with 4,154 in the same month last year.

Rental cars and hybrids

Rental car registrations fell by 11.8 per cent to 3,159 during the first seven months of the year, from 3,581 in the corresponding period of 2025.

Hybrid vehicles accounted for 51.9 per cent of passenger car registrations, compared with 43.3 per cent a year earlier.