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)

Top Stories

Greek-French exercise held in East Med

A Greek-French naval exercise was held on Thursday at the sea region of the eastern Mediterranean including the area engaged by the illegally issued...

New Zealand lockdown extended for 12 days

New Zealand Prime Minister Jacinda Ardern extended a lockdown in the country's biggest city on Friday in response to the first national corona virus...

Palestinian leader “rejects and denounces” Israel-UAE deal

Palestinian President Mahmoud Abbas seemed to be taken by surprise by the Israel-UAE deal and was holding meetings with key aides. He has refused...

Israel, United Arab Emirates reach historic deal

Israel and the United Arab Emirates reached a historic deal on Thursday that will lead to a full normalisation of diplomatic relations between the...

Police report 12 premises and 15 individuals for noncompliance with measures

Cyprus police carried out 883 checks reporting 12 premises and 15 individuals in various Districts of Cyprus for not complying with measures aiming to...

Taste

Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...