Car listings drop in January

CAR REGISTRATIONS dropped by more than a fifth in January compared to the same month the year before.

According to the Statistical Service, last month’s car registrations totalled 4,456, compared to 5,672 in January 2008, marking a 21.4 per cent slump.

Saloon cars saw a 25.9 per cent fall in January, with registrations dropping to 3,342 compared to 4,512 the year before.

The figures confirm what car dealers have been saying for the last few months: sales are down. Just last month, car importers cancelled the Motorshow 2009, citing a 40 per cent drop in sales and the global economic downturn as decisive factors.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.