Insider Business Sales of motor vehicles drop by 36% due to coronavirus outbreak

Sales of motor vehicles drop by 36% due to coronavirus outbreak

Sale of motor vehicles in March dropped by 36.2% year on year in March affected by containment measures implemented by the government to curb the spread of the coronavirus pandemic.

According to data released by the Cyprus Statistical Service, the total registrations of motor vehicles in March 2020 amounted to 2,204, recording a decrease of 36,2% compared to March 2019. Passenger saloon cars also registered a fall of 36,2% to 1.795.

Total sales in the fist quarter of 2020 declined by 8.0% to 10,046 compared 10,920 in  January-March 2019.

Passenger saloon cars declined by 9.5% to 8,104 in January – March 2020 from 8,956 in the respective period of last year. Of the total passenger saloon cars sold in the first quarter of 2020 2,997 or 37% were new and 5,107 or 63.0% were used cars.

Commercial vehicles decreased by 1.6% to 1,270 in January-March 2020, compared to 1,291 in January-March 2019 with light goods vehicles falling by 0,7% and road tractors sales declining by 12,5%, Cystat added.

On the other hand, motorcycles sales rose by 16.5% in the first quarter to 538 from 462 in the respective period of 2019.

According to Cystat, scooters sales declined by 57.8% to 27 in the first three months of 2020, compared to 64 in the corresponding period of the previous year.

(Cyprus News Agency)

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