The Turnover Value Index of Sales and Repair of Motor Vehicles recorded an increase of 15.7% compared to the corresponding quarter of the previous year, according to data released by CySTAT.
Motor vehicle sales increased by 20% in the first quarter, compared to the first quarter of 2023, vehicle maintenance and repair increased by 11.2% and the sale of motor vehicle parts and accessories recorded an increase of 8.4%. On the other hand, the sale, maintenance and repair of motorcycles and their parts and accessories recorded a 10.7% decrease, compared to the same period in 2023.
