Worrying signs for Turkish auto sector with sharp drop in July sales

Thursday, 08 August 2019 14:48:11 (GMT+3)   |   Istanbul
       

In July this year, sales of passenger cars and light commercial vehicles in Turkey decreased by 66 percent year on year to 17,927 units, according to the statistics released by the Turkish Automotive Distributors Association (ODD). In the given month, domestic sales of passenger cars in Turkey declined by 63.4 percent year on year to 15,398 units, while sales of light commercial vehicles dropped by 76.4 percent year on year to 2,529 units.

Meanwhile, in the first seven months of the year, domestic sales of passenger cars and light commercial vehicles saw a decrease of 47.5 percent year on year, amounting to 213,071 units. In this period, domestic sales of passenger cars in the country were down by 46 percent to 171,776 units, while sales of light commercial vehicles fell by 53.2 percent to 41,925 units, both on year-on-year basis.

The ODD estimates that automotive sales in Turkey will be in the range of 340,000-380,000 units for the full year. 


Most Recent Related Articles

Turkey's basic metal output up 15.7 percent in June from May

Turkey’s Celik Halat ve Tel Sanayii reports net loss for H1

Record growth in Turkey’s automotive sales in July

Annual inflation rate in Turkey reaches 11.76 percent in July

New motor vehicle registrations in Turkey up 81.5 percent in June