ECONOMY

Rise in car registrations just a blip

Car registrations posted a yearly increase of 24.9 percent last month, according to figures released by the National Statistical Service. A total of 32,765 vehicles were registered that were either new or had already been used abroad, against 26,224 vehicles in January 2009. Yet this pales in comparison with January 2008, before the crisis hit Greece, when the corresponding figure was 43,226 vehicles. The Association of Car Importers and Representatives suggests that last month’s rise does not reflect the real picture in the car market. The rise in January includes many cars which had been bought at the end of 2009, whose buyers chose to register them in January so as to avoid paying road tax for 2009 too.