Turkey’s October automotive sector data
Turkey's domestic automotive sales fell 9 percent month on month in October due to the weak demand for light vehicle sales. Turkey's Automotive Manufacturers Association (OSD) disclosed that the country's domestic automotive sales amounted to 61'190 units in October. Light commercial vehicle sales fell 15 percent month on month to 21'678 units in October from 25'544 units in September despite the fact that October is a stronger month than September. In the same time, passenger car sales also fell to 34'960 units from 36'410 units. Overall automotive sales reached 585'488 units in the first ten months of the year, down 5 percent from 615'138 units a year ago. While passenger car sales fell 10 percent to 335'313 units, light vehicle sales rose 6 percent to 210'518 units. Furthermore, automotive sales are expected to show a year-on-year rise fro the remainder of the year due to the lower base seen in the second half 2004. In fact, a year-on-year comparison for October shows that sales expanded in all vehicle segments. Light commercial vehicle sales recorded the highest growth rate of 16 percent, followed by heavy commercial vehicles with 9 percent and passenger car with 2 percent, all in year on year terms.