With two months of the year still to go, Cyprus has already registered more used passenger vehicles than in the whole of 2025. Figures released by the Statistical Service (CyStat) on 9 November put used registrations for January to October at 26,366, against 26,145 for all of last year. That is 20.8% up on the same ten months of 2025.
No January–October period in CyStat’s monthly records, which go back to 2002, has ever been higher. New registrations moved the other way, falling 10.1% to 11,640. Used vehicles now account for 69.4% of all passenger vehicles registered this year, compared with 62.8% a year ago. Overall passenger registrations rose 9.3% to 38,006.
October: back on pace
October added 2,731 used vehicle registrations, up 18.3% on October 2025. That puts growth back on its yearly trend after a quieter September, when the gain was just 4.4%. New registrations slipped 2.5% to 1,119, leaving the monthly total up 11.4% at 3,850.
Private buyers registered 3,649 passenger vehicles in October, new and used combined, up 16.7% year on year. Rental fleets registered just 173, down from 307 a year earlier. Over the ten months private registrations rose 14.0% to 33,856. Of these, 23,566 were used, a 29.3% jump on January–October 2025. Rental registrations fell 18.8% to 3,953.
Hybrids still more than half the market
Hybrids made up 20,443 of the 38,006 passenger vehicles registered between January and October, a 53.8% share compared with 44.1% a year earlier. Petrol slipped to 34.1% from 42.5% and diesel to 7.9% from 8.6%. Fully electric vehicles reached 1,598, or 4.2%, slightly below the 4.8% recorded in the same months of 2025.
Premium used: a steady share and a busy October
By our count premium and luxury makes account for 5,775 of this year’s 26,366 used passenger vehicles, or 21.9%, a share that has hardly moved all year. BMW leads with 1,687 used registrations, ahead of Mercedes-Benz on 1,504. Lexus (542) and Audi (473) follow, then Land Rover (404, plus 24 that CyStat lists separately as Range Rover), Volvo (397) and Porsche (288). October brought 168 used BMWs, 164 Mercedes-Benz vehicles and 47 Porsches, well above the year’s monthly average for both Mercedes-Benz and Porsche. Bentley, Ferrari, Aston Martin, Lamborghini, Maserati, Rolls-Royce, Lotus and McLaren together account for 116 vehicles so far this year.
What it means for buyers
The figures show what buyers did, not why. Our interpretation is that more people are choosing a nearly new used vehicle over a new one from a local dealer. The premium brands are part of that shift, not an exception to it.
For any given vehicle, where it comes from matters as much as the badge. A vehicle escapes the 10% import duty only when it is shipped from the country where it was built: a Japanese-built Lexus from Japan or a British-built Range Rover from the UK. For a vehicle listed in the UK, our UK import calculator gives the full landed cost with duty, VAT and registration included.
CyStat publishes registration figures every month, usually within the first ten days, so November’s numbers should be out in early December.
Source: CyStat.
