New motor vehicle registrations in Turkey down 19.8% in Q1
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According to the statistics released by the Turkish Statistical Institute (TUIK), in March this year new motor vehicle registrations in Turkey amounted to 82,186 units, increasing by 56.7 percent month on month and down 17.8 percent year on year, after a month-on-month decrease of 58.3 percent in February.
New passenger car registrations in March totaled 44,821 units, increasing by 56 percent as compared to the previous month and down 13 percent year on year. Passenger cars accounted for 54.5 percent of total registrations. Small truck registrations in March, on the other hand, increased by 26.9 percent month on month and were down 23.3 percent year on year, amounting to 15,024 units. Small truck registrations constituted 18.3 percent of total registrations.
In the first quarter of 2012, new motor vehicle registrations in Turkey amounted to 260,600 units, with a 19.8 percent decrease compared to the same period in 2011.