Cyprus Car Market in 2015 rebounded 25% fueled by growing economy following three years of harsh reforms. Both car passenger’s and LCVs segment improved. Nissan gained the leadership, only case in Europe.
Economic Outlook
Cyprus’ economy returned to growth last year following three years of contraction and harsh reforms. In Q4 2015, GDP growth ticked up to an annual 2.4%, bringing full-year growth to 1.6%. 2015’s expansion mainly came on the back of solid private consumption, which was sustained by low inflation and the ongoing fall in oil prices as well as strengthening economic sentiment.
Public spending cuts occurred at a more moderate pace and fixed investment rebounded, both of which also contributed to the recovery. While the fiscal deficit narrowed notably last year, unemployment and the amount of non-performing loans remain elevated.
Cyprus is set to exit its bailout deal with the IMF and EU in March and, against this backdrop, President Nicos Anastasiades reaffirmed in February the government’s commitment to keep up reform momentum.
Market Outlook
During the 2015 the domestic car passenger’s market kept the recovery sustained by growing economy and posted a robust +25% increase over the previous year at 10.334 units. The light commercial vehicles segment took a similar pace with sales at 6.985 units (+26.6%).
Unique case in Europe, market leader was the Japanese Nissan with 1.374 units (+43.0%) up 1 spot, followed by Volkswagen with 1.004 (+59.1%) and the former leader, Toyota, third with 934 (-11.2%).
In fourth Ford with 829 sales (+73.1%) ahead of Kia with 711 (+11.6%), BMW with 656 (+47.7%) and Mercedes with 558 (+9.2%).
Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will always have the year to date data updated.
| Rank 2015 | Rank 2014 | Brand | 2015 | 2014 | 2015 Var | Share 2015 |
|---|---|---|---|---|---|---|
| 1 | 2 | Nissan | 1.374 | 961 | 43,0% | 14,5% |
| 2 | 4 | Volkswagen | 1.004 | 631 | 59,1% | 10,6% |
| 3 | 1 | Toyota | 934 | 1.052 | -11,2% | 9,8% |
| 4 | 6 | Ford | 829 | 479 | 73,1% | 8,7% |
| 5 | 3 | Kia | 711 | 637 | 11,6% | 7,5% |
| 6 | 7 | BMW | 656 | 444 | 47,7% | 6,9% |
| 7 | 5 | Mercedes | 558 | 511 | 9,2% | 5,9% |
| 8 | 8 | Audi | 399 | 405 | -1,5% | 4,2% |
| 9 | 9 | Volvo | 351 | 356 | -1,4% | 3,7% |
| 10 | 11 | Renault | 335 | 319 | 5,0% | 3,5% |
| 11 | 12 | Land Rover | 280 | 314 | -10,8% | 2,9% |
| 12 | 22 | Dacia | 214 | 61 | 250,8% | 2,3% |
| 13 | 13 | Hyundai | 208 | 312 | -33,3% | 2,2% |
| 14 | 10 | Honda | 203 | 354 | -42,7% | 2,1% |
| 15 | 15 | Citroen | 195 | 156 | 25,0% | 2,1% |
| 16 | 21 | Porsche | 157 | 104 | 51,0% | 1,7% |
| 17 | 17 | Suzuki | 148 | 145 | 2,1% | 1,6% |
| 18 | 14 | Peugeot | 128 | 185 | -30,8% | 1,3% |
| 19 | 18 | Mazda | 107 | 137 | -21,9% | 1,1% |
| 19 | 28 | Jaguar | 107 | 28 | 282,1% | 1,1% |
| 20 | 24 | Skoda | 102 | 50 | 104,0% | 1,1% |
| 21 | 19 | Fiat | 98 | 124 | -21,0% | 1,0% |
| 22 | 16 | Opel | 97 | 150 | -35,3% | 1,0% |
| 23 | 29 | Lexus | 81 | 23 | 252,2% | 0,9% |
| 24 | 26 | Mini | 77 | 36 | 113,9% | 0,8% |
| 25 | 25 | Seat | 44 | 41 | 7,3% | 0,5% |
| Rank 2015 | Rank 2014 | Model | Sales 2015 | Sale 2014 | 2015 Var | Share 2015 | Share 2014 |
|---|---|---|---|---|---|---|---|
| 1 | 4 | Volkswagen Golf | 733 | 288 | 154,5% | 7,6% | 3,5% |
| 2 | 1 | Nissan Qashqai | 661 | 395 | 67,3% | 6,8% | 4,7% |
| 3 | 3 | Ford Fiesta | 498 | 320 | 55,6% | 5,2% | 3,8% |
| 4 | 14 | Kia Rio | 459 | 187 | 145,5% | 4,7% | 2,2% |
| 5 | 2 | Toyota Yaris | 445 | 384 | 15,9% | 4,6% | 4,6% |
| 6 | 7 | Kia Sportage | 368 | 247 | 49,0% | 3,8% | 3,0% |
| 7 | 5 | Volvo XC60 | 276 | 276 | 0,0% | 2,9% | 3,3% |
| 8 | 23 | Nissan X-Trail | 240 | 104 | 130,8% | 2,5% | 1,2% |
| 9 | 16 | Renault Captur | 231 | 158 | 46,5% | 2,4% | 1,9% |
| 10 | 11 | Nissan Juke | 221 | 213 | 3,6% | 2,3% | 2,6% |
| 11 | 40 | Ford Kuga | 210 | 56 | 275,0% | 2,2% | 0,7% |
| 12 | 29 | Ford Focus | 193 | 83 | 132,5% | 2,0% | 1,0% |
| 13 | 39 | Volkswagen Tiguan | 169 | 60 | 181,7% | 1,7% | 0,7% |
| 14 | 13 | Toyota Auris | 164 | 190 | -13,7% | 1,7% | 2,3% |
| 15 | 9 | Toyota RAV4 | 162 | 224 | -27,6% | 1,7% | 2,7% |
| 16 | 17 | Volkswagen Polo | 160 | 143 | 11,9% | 1,7% | 1,7% |
| 17 | 8 | Honda CR-V | 147 | 239 | -38,5% | 1,5% | 2,9% |
| 18 | 12 | Hyundai ix35 | 146 | 206 | -29,1% | 1,5% | 2,5% |
| 19 | 6 | Land Rover Range Rover Evoque | 145 | 252 | -42,5% | 1,5% | 3,0% |
| 20 | 21 | BMW 1 Series | 141 | 128 | 10,2% | 1,5% | 1,5% |
| 21 | 18 | Audi A3 | 139 | 134 | 3,7% | 1,4% | 1,6% |
| 22 | 15 | Nissan Micra | 128 | 167 | -23,2% | 1,3% | 2,0% |
| 23 | 26 | Toyota Aygo | 125 | 87 | 43,7% | 1,3% | 1,0% |
| 24 | 28 | Volkswagen Up! | 124 | 84 | 47,6% | 1,3% | 1,0% |
| 25 | 22 | BMW 3 Series | 119 | 120 | -0,8% | 1,2% | 1,4% |
