NEWS Automotive        03/09/2019

Automotive sales in Turkey fall 23.6% in August 2019

The  Automotive Distributors Association (ODD) disclosed that sales of cars and light commercial vehicles in Turkey were 24,246 units in August 2019, 23.6% lower than the figure for the same month of the previous year. Sales of cars fell 20.1% to 21,544 units, and sales of light commercial vehicles fell 36.2% to 4,702 units in August 2019 compared with the same month of the previous year. It was in March and April of 2018 when the domestic automotive market started to go into freefall. The August 2019 total figure’ fall of 23.6% is an improvement on previous months. However, it must be remembered that the August 2017 figure was 72, 536 units and that there has been a fall of 63.8% in the two years from August 2017 to Auygust 2019.

 

In the first eight months of 2019, sales of cars and light commercial vehicles in Turkey were 239,317 units, 45.7% lower than the figure for the same period of the previous year. Sales of cars decreased 43.9% to 193,320 units, and sales of light commercial vehicles decreased 51.9% to 45,997 units.

 

In the first eight months of 2019, sales of diesel automobiles were 56.1% and sales of automatic gearbox automobiles were 67.6%. Of commercial vehicle sales, 32,890 (71.5%) vans, 5,776 (12.6%) light trucks, 3,734 (8.1%) minibuses,

and 3,597 (7.8%) pick-up trucks were sold.

 

Click here for report (Turkish)

 



Turkey’s net minimum wage has been raised 26.05% to TL 2,020 (USD 381) as of 01.01.2019       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s annual inflation rate falls to 15.01% in August 2019       Turkey’s unemployment rate decreases to 12.8% in May 2019       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 82,003,882 as of 2018 yearend       Number of foreigners visiting Turkey in 2018 increases by 21.8% to 39.5 million       Turkey’s private sector foreign debt is USD 225.8 billion as of 2018 yearend       Turkey’s economy contracted by 2.6% in the first quarter of 2019       Turkey shows surplus of USD 538 million in its 12 month rolling current account balance in June 2019