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Cyprus Saloon Car Registrations Surge In May Amidst Market Adjustments

by THEFUTURE.TEAM

June 30, 2025

Sharp Increase In May Registrations

Cyprus experienced a significant upsurge in saloon passenger car registrations in May 2025, with figures reaching 3,715—a robust 11.7% increase compared to May 2024. This marks a notable rebound from April’s 2,924 units, as reported by the Cyprus Statistical Service (Cystat).

First Five Months Reveal Mixed Trends

Over the first five months of 2025, overall registrations for saloon passenger cars declined by 5.5%, totaling 16,224 units relative to 17,176 during the same period last year. Of these, new vehicles numbered 6,874 (42.4%), while 9,350 registrations, or 57.6%, were for used cars.

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Fuel Type Composition And Brand Leadership

Petrol and hybrid vehicles have maintained nearly equal market shares, accounting for 43.7% and 42.9% of registrations, respectively, as consumers continue to prioritize efficiency and performance. Electric vehicles further edged their market share to 4.7%, up from 3.4% from the previous year, even as diesel-powered cars fell to 8.8% from 10%.

Dominance In The Private Sector And Brand Rankings

Out of the 16,224 saloon vehicles registered from January to May 2025, a significant 13,927 were classified as private. Toyota led overall with 2,784 registrations, followed by Mazda at 1,687. Other prominent brands included Nissan (1,240), Kia (976), and BMW (953), while additional key players such as Mercedes (875), Volkswagen (666), Hyundai (560), Honda (531), and Audi (394) maintained strong market positions.

New Versus Used: Consumer Preferences

When distinguishing new car registrations, Kia emerged as the market leader with 949 new entries, trailed by Volkswagen (560), Nissan (525), Hyundai (519), and Toyota (493). The top ten for new models also featured BMW (393), Mercedes (331), Jeep (284), Renault (282), and Audi (243).

Resilience Of The Used Car Market

Used saloon cars sustained their dominance, representing over half of total registrations in the first five months of 2025. Toyota and Mazda led this segment with 2,291 and 1,653 used car registrations, respectively. Nissan, BMW, and Mercedes also registered significant numbers, further cementing the continuing consumer preference for pre-owned vehicles.

This evolving landscape underscores a dynamic market in Cyprus where consumer preferences are driving shifts in fuel efficiency, brand loyalty, and the balance between new and used vehicle acquisitions.

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Cyprus Emerges As A Leading Household Consumer In The European Union

by THEFUTURE.TEAM

June 30, 2025

Overview Of Eurostat Findings

A recent Eurostat survey, which adjusts real consumption per capita using purchasing power standards (PPS), has positioned Cyprus among the highest household consumers in the European Union. In 2024, Cyprus recorded a per capita expenditure of 21,879 PPS, a figure that underscores the country’s robust material well-being relative to other member states.

Comparative Consumption Analysis

Luxembourg claimed the top spot with an impressive 28,731 PPS per inhabitant. Trailing closely were Ireland (23,534 PPS), Belgium (23,437 PPS), Germany (23,333 PPS), Austria (23,094 PPS), the Netherlands (22,805 PPS), Denmark (22,078 PPS), and Italy (21,986 PPS), with Cyprus rounding out this elite group at 21,879 PPS. These figures not only highlight the high expenditure across these nations but also reflect differences in purchasing power and living standards across the region.

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Contrasting Trends In Household Spending

The survey also shed light on countries with lower household spending levels. Hungary and Bulgaria reported the smallest average expenditures, at 14,621 PPS and 15,025 PPS respectively. Meanwhile, Greece and Portugal recorded 18,752 PPS and 19,328 PPS, respectively. Noteworthy figures from France (20,462 PPS), Finland (20,158 PPS), Lithuania (19,261 PPS), Malta (19,622 PPS), Slovenia (18,269 PPS), Slovakia (17,233 PPS), Latvia (16,461 PPS), Estonia (16,209 PPS), and the Czech Republic (16,757 PPS) further illustrate the disparate economic landscapes within the EU. Spain’s figure, however, was an outlier at 10,899 PPS, suggesting the need for further data clarification.

Growth Trends And Economic Implications

Eurostat’s longitudinal analysis from 2019 to 2024 revealed that Croatia, Bulgaria, and Romania experienced the fastest annual increases in real consumer spending, each growing by at least 3.8%. In contrast, five member states, with the Czech Republic experiencing the largest drop at an average annual decline of 1.3%, indicate a varied economic recovery narrative across the continent.

This comprehensive survey not only provides valuable insights into current household consumption patterns but also offers a robust framework for policymakers and business leaders to understand economic shifts across the EU. Such data is integral for strategic decision-making in markets that are increasingly defined by evolving consumer behavior and regional economic resilience.