ECONOMY

Recovery reflected in vehicle sales

Car sales in Greece continued to speed up last month, as new vehicle registrations increased by 33.7 percent year-on-year in October. In certain categories, such as coaches, sales almost doubled from October 2013, which can explained by the rapid growth in tourism, as hotels and travel companies rush to make investments to cater to customers.

Hellenic Statistical Authority (ELSTAT) data showed on Monday that new permits issued last month amounted to 7,439 passenger cars, against 5,627 in October 2013, posting a 32.2 percent increase. There were also 60 permits issued for coaches, compared with 31 a year earlier.

The economy’s recovery is also evident in the increase in truck sales, as 1,659 permits were issued in October 2014 against 1,192 in the same month of 2013.

According to ELSTAT figures, more vehicles were sold in the first 10 months of this year (59,452) than in the whole of 2013 (58,659). Sales of new trucks reached 4,102 in the January-October period this year, exceeding the 3,698 trucks sold throughout 2013 by far. A total of 158 new coaches were sold in the year to end-October, against 97 in the January-December 2013 period.