Stellantis Group shifts gears in Cyprus, hands dealerships to CIC Automasters
Major move creates buzz with new showrooms and emphasizes shift towards electric vehicles in the Cypriot market. In a significant development for Stellanti... Read More
Car sales at four-year high
Sales of saloon cars reached their highest level since 2019, signalling a rebound of the car market after four years of declining trends. By engine type, e... Read More
Shake-up coming for used-car industry
The used car market is set to become more transparent following a new push for greater clarity as to a vehicle’s history of damage and repair. The road t... Read More
Thieves in Cyprus go for high-end cars, can also de-activate their modern security systems
Thieves in Cyprus go for high luxury cars these days and have also partnered with individuals who have a system in their hands disabling modern security de... Read More
What can we expect from the auto industry in 2023?
Global automotive sales were hit hard by the pandemic; the market lost confidence and buyers remained understandably cautious, even when COVID-19-related r... Read More
Used-Car Prices Are Falling, but Buying Is Still a Challenge
Used-Car Prices Are Falling, but Buying Is Still a Challenge As prices ease from all-time highs, higher interest rates are ramping up monthly paymentsAfter... Read More
Bank of Cyprus cars on public auction on Tuesday, prices start from €300
The next Bank of Cyprus impounded vehicle auction at Mosfiloti will take place on Tuesday, at 3pm, with the list including 53 cars at prices ranging from... Read More
Used EVs ‘break all the rules’ with surge in prices
Used car replacement cycles continuing to be extended due to the shortage of stock with EVs seeing a massive rise in prices. Between Q3 2021 and Q3 2022 th... Read More
Tables are turning – used-car markets down in 2022, recovery in 2023?
The pandemic saw European used-car markets deliver solid profits on prices that went through the roof. But the situation has changed this year and the used... Read More
Majority of cars on Cyprus’ roads are between 10 and 20 years old
The majority of cars in Cyprus are between 10 and 20 years old, according to Eurostat data released on Friday. Interestingly, from December 31, 2020, a mer... Read More
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