Pre-Owned Electric Vehicles Surge As New EV Sales Decline

Used electric vehicle sales increased 12% year-on-year in the first quarter, while new EV sales declined by 28%, according to Cox Automotive. The data indicate diverging trends between new and pre-owned segments of the EV market.

New EV Sales Under Pressure

New EV sales fell by 28% year-on-year in the first quarter. The decline follows changes to consumer incentives, including the removal of a $7,500 tax credit. Demand for new vehicles appears sensitive to pricing and policy support. Market conditions are affecting purchasing decisions.

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Rising Momentum In The Pre-Owned Sector

Sales of used EVs rose 12% compared with the same period last year and increased 17% quarter-on-quarter. Growth reflects rising demand for lower-cost electric vehicles. The segment is expanding as supply increases and pricing becomes more competitive. Pre-owned models are attracting a broader range of buyers.

Economic Pressures And Lease Expirations

Higher fuel prices, averaging above $4 per gallon, are influencing consumer behavior. Buyers are considering alternatives with lower operating costs. A large number of lease expirations has added inventory to the used EV market. Increased supply is supporting transaction volumes.

Market Equilibrium Through Supply And Demand

EVs are expected to account for 15% of off-lease vehicles by year-end, up from 7.7% in the first quarter. This shift is increasing availability in the secondary market. Average prices for used EVs reached $34,821, compared with $33,487 for comparable gasoline vehicles. Pricing differences between the two segments continue to narrow.

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Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

by THEFUTURE.TEAM

September 18, 2026

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

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Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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