New car registrations up by 7.37% y/y in May

In May 47,729 passenger cars and delivery vehicles were registered; 7.37 percent more year-on-year, market researcher Samar reported based on data from the Central Register of Vehicles and Drivers. In comparison to April, the number of new registrations fell by 4.9 percent (2,458 vehicles). During the cumulative January-May period as many as 253,140 cars were sold (an increase of 10.38 percent y/y).