
The number of new private cars which were on the market for the first time in Greece (new or used from abroad) rose steeply in April, a sign of the gradual recovery of the industry.
More specifically, according to the data of the Hellenic Statistical Authority (ELSTAT), new cars reached 18,352 in April 2021 against only 4,031 in the corresponding month of 2020, resulting in an increase of 355.3%.
It is worth noting that last April, the number of new cars had “sunk” by 80.6% due to the coronavirus pandemic.
Regarding April 2021, the new cars, ie excluding the used ones imported from abroad, amounted to 11,069, a number increased by 284.6% compared to the corresponding month of the previous year.
The “picture” was similar for new motorcycles, of more than 50 cc, the number of which rose to 4,776 from just 988 in April 2020, resulting in a “leap” of 383.4%.
Last April, the number of new motorcycles had “dropped” by 72.9%, also due to the special conditions of the health crisis.
For their part, the exclusively new machines, in April 2021, increased by 373% and amounted to 4,361.
Since the beginning of 2021, therefore, 64,530 new cars were released in Greece compared to 51,445 new cars last year (+ 25.4%), as well as 12,691 new motorcycles compared to 7,704 new motorcycles in the corresponding period of 2020 (+ 64.7%) .


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)