NEWS Automotive        02/08/2019

Automotive sales in Turkey fall 66% in July 2019

The  Automotive Distributors Association (ODD) disclosed that sales of cars and light commercial vehicles in Turkey were 17,927 units in July 2019, 66% lower than the figure for the same month of the previous year. Sales of cars fell 63.4% to 15,398 units, and sales of light commercial vehicles fell 76.4% to 2,529 units in July 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 Turkish government’s decision not to extend its tax break which ended at the end of June has had an adverse effect on sales in July. The government had reduced as from November 1st, 2018 until June 30th, 2019 the special consumption tax on motor vehicles with engines under 1600 cc to 15%, and the VAT on commercial vehicles to 1% from 18%. Sales had improved comparatively in June as purchasers wished to meet the deadline.

 

In the first seven months of 2019, sales of cars and light commercial vehicles in Turkey were 213,071 units, 47.5% lower than the figure for the same period of the previous year. Sales of cars decreased 46% to 171,776 units, and sales of light commercial vehicles decreased 53.2% to 41,295 units.

 

In the first seven months of 2019, sales of diesel automobiles were 56.1% and sales of automatic gearbox automobiles were 67%. Of commercial vehicle sales, 29,472 (71.4%) vans, 5,296 (12.8%) light trucks, 3,250 (7.9%) minibuses,

and 3,277 (7.9%) 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 increases to 16.65% in July 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