Cyprus Auto Market in the 2017 has maintained the momentum following the last three years growth while the country puts its economic crisis firmly behind it. Ford is market leader ahead of Toyota and Nissan
Cyprus economic growth likely moderated in Q4 from the near one-decade high logged in Q3. The tourism sector nevertheless continued its strong performance in Q4; for 2017 as a whole, it registered a double-digit growth rate. Data also showed that unemployment continued to decrease throughout Q4. However, the economic sentiment index worsened in December; both business and consumer confidence dropped.
The automotive industry, one of the smaller with the EU, was severely hit by the financial crisis falling down during the period 2010-2013 before recovering and anticipating the economic growth. In the last three years the domestic car market grew fast with both 2015 and 2016 up 25%. In the 2017 sales improved a little with volume at 14.822 (+0.4%).
| Sales 2012 | Sales 2013 | Sales 2014 | Sales 2015 | Sales 2016 | Sales 2017 | Sales 2018 e | |
|---|---|---|---|---|---|---|---|
| Car | 10.981 | 7.102 | 8.276 | 10.344 | 12.839 | 12.789 | 17.655 |
| LCV | 1.293 | 909 | 1.150 | 1.443 | 1.923 | 2.033 | 49 |
| Total | 12.274 | 8.011 | 9.426 | 11.787 | 14.762 | 14.822 | 17.705 |
| 2012 Var | 2013 Var | 2014 Var | 2015 Var | 2016 Var | 2017 Var | 2018 var e | |
|---|---|---|---|---|---|---|---|
| Car | -24,5% | -35,3% | 16,5% | 25,0% | 24,1% | -0,4% | 38,1% |
| LCV | -46,1% | -29,7% | 26,5% | 25,5% | 33,3% | 5,7% | -97,6% |
| Total | -27,6% | -34,7% | 17,7% | 25,0% | 25,2% | 0,4% | 19,4% |
At brand-wise, the best light vehicles brand (including LCVs) was Ford with 2.230 (+2.0%) and 14.8% of market share. In second place Toyota with 1.841 units (+37.6%) followed by Nissan with 1.619 units (-11.9%)
| Rank 2017 | Rank 2016 | Brand | Sales 2017 | Sales 2016 | Variation 2017 | Share 2017 | Share 2016 |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Ford | 2.534 | 2.186 | 15,9% | 15,9% | 15,8% |
| 2 | 2 | Nissan | 1.985 | 1.838 | 8,0% | 12,5% | 13,3% |
| 3 | 4 | Toyota | 1.683 | 1.338 | 25,8% | 10,6% | 9,7% |
| 4 | 3 | Volkswagen | 1.553 | 1.461 | 6,3% | 9,8% | 10,6% |
| 5 | 5 | Kia | 1.348 | 1.102 | 22,3% | 8,5% | 8,0% |
| 6 | 6 | Mercedes | 835 | 718 | 16,4% | 5,2% | 5,2% |
| 7 | 7 | BMW | 782 | 704 | 11,1% | 4,9% | 5,1% |
| 8 | 11 | Hyundai | 718 | 505 | 42,2% | 4,5% | 3,6% |
| 9 | 9 | Honda | 646 | 523 | 23,5% | 4,1% | 3,8% |
| 10 | 8 | Renault | 593 | 600 | -1,2% | 3,7% | 4,3% |
| 11 | 12 | Audi | 499 | 398 | 25,5% | 3,1% | 2,9% |
| 12 | 10 | Land Rover | 428 | 507 | -15,7% | 2,7% | 3,7% |
| 13 | 14 | Suzuki | 373 | 309 | 20,8% | 2,3% | 2,2% |
| 14 | 13 | Volvo | 337 | 318 | 6,0% | 2,1% | 2,3% |
| 15 | 15 | Opel | 253 | 211 | 19,7% | 1,6% | 1,5% |
| 16 | 16 | Peugeot | 206 | 202 | 2,2% | 1,3% | 1,5% |
| 17 | 17 | Mazda | 206 | 177 | 16,6% | 1,3% | 1,3% |
| 18 | 18 | Citroen | 202 | 163 | 24,2% | 1,3% | 1,2% |
| 19 | 19 | Porsche | 180 | 153 | 17,6% | 1,1% | 1,1% |
| 20 | 18 | Fiat | 172 | 163 | 5,6% | 1,1% | 1,2% |
| 21 | 24 | Jaguar | 64 | 24 | 166,7% | 0,4% | 0,2% |
| 22 | 26 | Mitsubishi | 51 | 16 | 218,8% | 0,3% | 0,1% |
| 23 | 22 | Seat | 43 | 39 | 10,3% | 0,3% | 0,3% |
| 24 | 21 | Mini | 40 | 45 | -11,1% | 0,3% | 0,3% |
| 25 | 24 | Lexus | 36 | 24 | 50,0% | 0,2% | 0,2% |
| 26 | 25 | Maserati | 35 | 18 | 94,4% | 0,2% | 0,1% |
| 27 | 30 | Jeep | 33 | - | |||
| 28 | 20 | Skoda | 30 | 50 | |||
| 29 | 30 | SsangYong | 14 | - | |||
| 30 | 27 | Smart | 13 | 11 | |||
| 31 | 23 | Dacia | 10 | 30 | |||
| 32 | 29 | Subaru | 8 | 4 | |||
| 33 | 30 | Nox | 6 | - | |||
| 34 | 28 | Alfa Romeo | 2 | 5 | |||
| 34 | 30 | Lamborghini | 2 | - | |||
| 35 | 30 | Ferrari | 1 | - | |||
| 35 | 30 | Hummer | 1 | - |
| Rank 2017 | Rank 2016 | Sales 2017 | Sales 2016 | Variation 2017 | |
|---|---|---|---|---|---|
| 1 | 6 | Ford Focus | 630 | 465 | 35,5% |
| 2 | 7 | Hyundai Tucson | 595 | 381 | 56,2% |
| 3 | 3 | Nissan Qashqai | 551 | 663 | -16,9% |
| 4 | 5 | Toyota Yaris | 537 | 527 | 1,9% |
| 5 | 85 | Toyota C-HR | 478 | ||
| 6 | 4 | Ford Fiesta | 477 | 647 | -26,3% |
| 7 | 8 | Kia Rio | 459 | 354 | 29,7% |
| 8 | 10 | Kia Sportage | 390 | 311 | 25,4% |
| 9 | 2 | Volkswagen Golf | 327 | 776 | -57,9% |
| 10 | 20 | Volkswagen Tiguan | 290 | 192 | 51,0% |
