Cyprus vehicle registrations report an 8.7 percent increase in 2026

Total vehicle registrations in Cyprus rose by 8.7% during the period from January to October 2026, reaching 48,624 units compared to 44,732 during the same timeframe in 2025. According to data released by the Statistical Service, passenger saloon car registrations accounted for the largest share, increasing by 9.3% to 38,006 vehicles. Of these, 30.6% were new cars, while 69.4% were imported as used vehicles.

Market trends show a significant shift in engine types. The share of hybrid vehicles climbed from 44.1% in 2025 to 53.8% in 2026. Conversely, the market share for petrol, diesel, and electric cars saw a decline. Petrol cars dropped to 34.1%, diesel to 7.9%, and electric vehicles to 4.2%. Additionally, rental car registrations experienced an 18.8% decrease, falling from 4,866 to 3,953. Meanwhile, registrations for buses rose to 210, and cargo vehicle registrations reached 5,569 during the same ten-month period.

This statistical report highlights evolving consumer preferences and changing dynamics within the Cypriot automotive market, particularly the transition toward hybrid technology. The data serves as a key indicator of economic activity and transportation trends in the country for the current year.