NEWS Automotive        04/02/2020

Automotive sales in Turkey increase by 89.8% in January 2020

The Automotive Distributors Association (ODD) disclosed that sales of cars and light commercial vehicles in Turkey were 27,273 units in January 2020, 89.8% higher than the figure for the same month of the previous year. Sales of cars increased 100.5% to 22,016 units, and sales of light commercial vehicles increased 54.9% to 5,257 units in January 2020 compared with the same month of the previous year. The surge in sales over the last six months appears to confirm an increase in domestic consumption following the recent improvement in Turkey’s economic indicators. As of October 1st, Turkish state banks Ziraat Bank, Halkbank and Vakıfbank have been offering cheaper automotive loan packages which will have helped boost automotive sales further. However, Turkey is still in the midst of an economic recession which will continue to dampen demand over the foreseeable future. It should be remembered that the January 2018 figure was 35,076 units and that there has therefore been a fall of 22.2% in the two years from January 2018 to January 2020.

 

In January 2020, sales of diesel automobiles were down to 41.8% and sales of automatic gearbox automobiles were up to 69.1%. Of commercial vehicle sales, 3,786 (72%) vans, 705 (13.4%) light trucks, 422 (8%) minibuses, and 344 (6.6%) pick-up trucks were sold.

 

In the year 2019, sales of cars and light commercial vehicles in Turkey were 479,060 units, 22.9% lower than the figure for the previous year. Sales of cars decreased 20.4% to 387,256 units, and sales of light commercial vehicles decreased 31.8% to 91,804 units. Sales in 2019 of diesel automobiles were 52% and sales of automatic gearbox automobiles were 66.5%. Of commercial vehicle sales, 66,704 (72.7%) vans, 10,838 (11.8%) light trucks, 7,203 (7.8%) minibuses, and 7,059 (7.7%) pick-up trucks were sold.

 

Click here for report (Turkish)

 



Turkey’s net minimum wage has been raised 15.04% to TL 2,324.70 (USD 391) as of 01.01.2020       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s annual inflation rate moves back down to 11.86% in March 2020       Turkey’s unemployment rate increases to 13.7% in December 2019       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,154,997 as of 2019 yearend       Foreigners visiting Turkey in 2019 increase by 14.1% to a record 45.1 million       Turkey’s private sector foreign debt is USD 200.9 billion as of 2019 yearend       Turkey’s economy grew by 0.9% in 2019