New taxation in Cyprus starts with success for Mazda

New vehicle registration taxes have had an up-and-down effect on car sales in Cyprus over the past two months, but they have not slowed Mazda's showroom success. October saw total registrations drop 51 percent over the same month last year while the authorities debated the tax changes. When they came into effect at the beginning of November, sales shot up 15 percent. None of this could dampen Mazda's sales which surged a massive 70 per cent in November to 105 vehicles. The key to success? "A great product line-up and value for money," said Louis Loizou, Sales and Marketing Manager with the island's distributor, A Stephanides and Son. “The Mazda3 has done particularly well taking an 18 per cent share of the 'C' (small/medium passenger car) segment.

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