Surge In Cyprus Vehicle Registrations: February 2026 Data Reveals Robust Growth

by THEFUTURE.TEAM

March 10, 2026

Overview Of Registration Trends

Vehicle registrations in Cyprus reached 4,670 units in February 2026, an increase of 24.3% compared with 3,757 registrations in February 2025, according to data released by the Statistical Service.

Passenger Vehicle Market Expansion

Growth was also recorded in the passenger vehicle segment. Registrations of saloon cars rose by 23.8% year on year, increasing from 2,908 to 3,600 units. During the January–February 2026 period, total vehicle registrations reached 9,020, representing a 15.1% increase compared with 7,834 registrations during the same period in 2025.

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Analysis Of New Versus Used Sales

Within the passenger vehicle category, saloon registrations increased by 13.7% to 6,917 vehicles, compared with 6,084 a year earlier. Of these vehicles, 2,401 units (34.7%) were new, and 4,516 units (65.3%) were used.

Trends In Fuel And Hybrid Technology

Fuel type data show changes in the composition of vehicle registrations. Gasoline-powered vehicles accounted for 36.2% of registrations, down from 41.6% a year earlier.

Diesel vehicles represented 8.9% of registrations compared with 9.2% in the previous year. Electric vehicles accounted for 5.2% of registrations, compared with 5.3% previously.

Hybrid vehicles represented 49.6% of registrations during the period, compared with 43.9% in the corresponding period of 2025.

Commercial And Specialty Vehicle Segments

Other vehicle categories also recorded changes in registration volumes. Bus registrations increased from 20 to 44 units. Freight vehicle registrations rose by 26.2%, increasing from 915 to 1,155 during the January–February period. Rental vehicles increased by 88% to 47 units. Heavy trucks rose by 67.4% to 149 units, while road tractor units increased by 42.9% to 40. Light truck registrations increased by 18.9% to 919 units. Motorcycles with engines under 50 cc declined from 49 to 15 units, while motorcycles above 50 cc increased by 14.7% to 758 units.

Implications For The Market

The increase in vehicle registrations indicates continued activity in the Cypriot automotive market. Data also show a rising share of hybrid vehicles as well as growth across several commercial vehicle categories. These developments suggest changing consumer preferences and evolving demand within the transport sector. Higher registration volumes in freight vehicles, rental fleets and heavy trucks also reflect increased activity in business transportation and logistics.

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Mercedes-Benz Posts Higher Profit Despite China Slowdown

by THEFUTURE.TEAM

July 29, 2026

Mercedes-Benz reported stronger-than-expected second-quarter results, lifting its shares on Tuesday despite mounting pressure from Chinese automakers and a weaker outlook for sales and revenue.

The earnings provided a boost for Europe’s auto sector, where manufacturers continue to grapple with tariffs, softer demand and intensifying competition from Chinese rivals. Volkswagen, Mercedes-Benz and BMW have all accelerated restructuring efforts in response.

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Cost Discipline Lifts Quarterly Profit

Mercedes-Benz shares rose as much as 5.9% following the results before trimming gains to trade 3.5% higher by 1118 GMT. The company reaffirmed its profit margin guidance for its core passenger car business after reporting an adjusted return on sales of 4.0% for the second quarter, above market expectations and within its 3% to 5% target range.

“In an environment where some automakers are ringing alarm bells on their competitive positioning, Mercedes delivered a clear and confident message,” Morningstar analyst Rella Suskin said.

Second-quarter operating profit increased 22% to €1.5 billion ($1.7 billion), despite a 3% decline in revenue. Lower administrative and research and development costs, together with strong performances from the financial services and vans divisions, supported earnings, while the results also included a €131 million gain related to the planned sale of leasing subsidiary Athlon.

China Remains The Key Pressure Point

Despite stronger profitability, Mercedes continues to face a challenging market environment. Sales in China fell 30% during the second quarter, prompting the company to abandon earlier expectations for stable car sales and group revenue. It now expects both to decline slightly from a year earlier.

BMW also lowered its outlook in June following a deeper-than-expected slowdown in China, highlighting the pressure facing Germany’s premium carmakers. At the same time, Mercedes said Chinese manufacturers are increasingly expanding into European markets, although Chief Executive Ola Kaellenius said their focus remains on higher-volume segments rather than the premium market.

“But that is not a reason to sit back and be relaxed,” he said.

Manufacturing Shift Continues

Mercedes is also reshaping its manufacturing footprint. The company said its German factories will undergo a more aggressive push toward leaner production, although it declined to provide further details while talks with labour representatives continue. Production is also being expanded in lower-cost Eastern European locations, including Hungary, where the company is increasing capacity at its Kecskemet plant, as well as in Poland.

Chief Financial Officer Harald Wilhelm said the full-year margin for the passenger car division is expected to come in at the lower end of the company’s guidance range, reflecting a higher share of electric vehicle sales in Europe, which remain more expensive to produce and continue to weigh on profitability.

“We must continue to work flat out to reduce costs so that we can remain competitive on the prices of our products,” Kaellenius said.

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