Saloon registrations rise 44% in August, Cystat says

8

By Stelios Orphanides

The number of saloon car registrations rose in August 44 per cent to 2,484, the highest figure for a single month since 2011, compared with the respective month of 2015, the statistical service said.

The increase in saloon registrations in August was mainly on an annual 53 per cent rise in the number of second hand cars to 1,440, Cystat said in a statement on its website on Wednesday. The number of new car registrations rose 34 per cent to 1,044.

From January to August, the total number of car registrations rose an annual 32 per cent to 22,250 which exceeds the figure reported in January to December 2014, Cystat said.

Share.

About Author

Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: stelios@cyprus-mail.com

  • Eye on Cyprus

    Some of those cars could be replacements for the many cars which seem to ‘mysteriously’ self-combust.

  • Argent

    Would love to know where they get the money from to buy them.

    • jobanana

      NPL’s

  • Andreas Louca

    Argent , So would I , its amazing , where the money has come from , surely not the banks, it very hard to get a loan ??? or is it . The economy has not recovered , NPL are still very high , unemployment is still high , the Government is in short fall with income, so where has the money come from, and if you look at the cars they are all in the region of 25,000 to 45,000. The Black economy must be booming, or we are heading for another banking crisis, and we still have not sorted the title deeds mess, and then there may be a solution , which will costs ?????. But this is Cyprus and logic is a word that is not associated here .

  • emba paphos

    great, how many of them pay road tax or insurance for that matter?

  • Victor Law

    Hire purchase or private leasing. No bank loan needed, just a reasonable credit rating, which could be ‘disinfected’.

  • Slomi

    What is the source of this income/investment ? This is not a necessity item.This is a luxury item.With so much loan and with no local solid economy how this money is being generated?

  • Mist

    Factor in the increase in tourists and the demand for rental cars, there you go, solved.