Cyprus: Motor vehicles registered decrease by 17.6% in 2011

Motor vehicles newly registered in the Republic of Cyprus during 2011 decreased by 17.6% to 36.264 from 44.025 in 2010, CNA reports quoting figures from the Statistical Service has announced. According to the annual report "Transport Statistics" for the year 2011, private saloon cars newly registered decreased by 16.0% to 26.409 from 31.423 in 2010. Vehicles of all types and categories on the Register of the Land Transport Department, at the end of 2011 totaled 771.861, compared to 760.112 at the end of 2010. The broad Transport sector registered in 2010 an increase of 5.5% on the gross output, at current prices and amounted to 1.844,8 million euros in 2010, compared to 1.748,2 million euros in 2009. The value added of the sector decreased to 877,3 million euros in 2010, from 888,2 million euros in 2009 and its share of G.D.P. was 5.6% at current market prices.