Cyprus 2015. Nessan leader in a market up 25%

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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 2015Rank 2014Brand201520142015 VarShare 2015
12Nissan1.37496143,0%14,5%
24Volkswagen1.00463159,1%10,6%
31Toyota9341.052-11,2%9,8%
46Ford82947973,1%8,7%
53Kia71163711,6%7,5%
67BMW65644447,7%6,9%
75Mercedes5585119,2%5,9%
88Audi399405-1,5%4,2%
99Volvo351356-1,4%3,7%
1011Renault3353195,0%3,5%
1112Land Rover280314-10,8%2,9%
1222Dacia21461250,8%2,3%
1313Hyundai208312-33,3%2,2%
1410Honda203354-42,7%2,1%
1515Citroen19515625,0%2,1%
1621Porsche15710451,0%1,7%
1717Suzuki1481452,1%1,6%
1814Peugeot128185-30,8%1,3%
1918Mazda107137-21,9%1,1%
1928Jaguar10728282,1%1,1%
2024Skoda10250104,0%1,1%
2119Fiat98124-21,0%1,0%
2216Opel97150-35,3%1,0%
2329Lexus8123252,2%0,9%
2426Mini7736113,9%0,8%
2525Seat44417,3%0,5%

Rank 2015Rank 2014ModelSales 2015Sale 20142015 VarShare 2015Share 2014
14Volkswagen Golf733288154,5%7,6%3,5%
21Nissan Qashqai66139567,3%6,8%4,7%
33Ford Fiesta49832055,6%5,2%3,8%
414Kia Rio459187145,5%4,7%2,2%
52Toyota Yaris44538415,9%4,6%4,6%
67Kia Sportage36824749,0%3,8%3,0%
75Volvo XC602762760,0%2,9%3,3%
823Nissan X-Trail240104130,8%2,5%1,2%
916Renault Captur23115846,5%2,4%1,9%
1011Nissan Juke2212133,6%2,3%2,6%
1140Ford Kuga21056275,0%2,2%0,7%
1229Ford Focus19383132,5%2,0%1,0%
1339Volkswagen Tiguan16960181,7%1,7%0,7%
1413Toyota Auris164190-13,7%1,7%2,3%
159Toyota RAV4162224-27,6%1,7%2,7%
1617Volkswagen Polo16014311,9%1,7%1,7%
178Honda CR-V147239-38,5%1,5%2,9%
1812Hyundai ix35146206-29,1%1,5%2,5%
196Land Rover Range Rover Evoque145252-42,5%1,5%3,0%
2021BMW 1 Series14112810,2%1,5%1,5%
2118Audi A31391343,7%1,4%1,6%
2215Nissan Micra128167-23,2%1,3%2,0%
2326Toyota Aygo1258743,7%1,3%1,0%
2428Volkswagen Up!1248447,6%1,3%1,0%
2522BMW 3 Series119120-0,8%1,2%1,4%