Key Market Indicators
Cypriot commercial vehicle registrations are projected to decline to approximately 1,200 units by 2028, down from about 1,520 units in 2023. This represents an average annual decrease of 3.7%. The Cypriot market has been experiencing a steady decline since 2010, with an average yearly drop of 2.2%. In the global rankings for 2023, Cyprus held the 98th position. Lebanon was slightly ahead with similar registration numbers. In the same ranking, Canada, Mexico, and Argentina secured the second, third, and fourth spots, respectively.
