NEWS Automotive        02/11/2023

Car sales in Turkey increase 74.1% in October 2023

The Automotive Distributors and Mobility Association (ODMD) disclosed that sales of cars and light commercial vehicles in Turkey were 101,367 units in October 2023, an increase of 55.4% on the figure for the same month of the previous year. Sales of cars increased 74.1% to 82,611 units, and sales of light commercial vehicles increased 5.5% to 18,756 units in October 2023 compared with the same month of the previous year.

 

With regards the first ten months of 2023, sales of cars and light commercial vehicles in Turkey were 958,942 units, an increase of 63.7% on the figure for the same period of the previous year. Sales of cars increased 67.8% to 749,501 units, and sales of light commercial vehicles increased 50.6% to 209,441 units compared with the same period of the previous year. Automotive sales have been very strong this year. This may well be due to the fact that sales have been comparatively low over the previous three years, and that there is a growing need for owners to replace their ageing vehicles. Automobiles are also now seen as an investment to hedge against the current high inflation rate. Total automotive sales this year will surpass 1 million, a new annual record.

 

In the first ten months of 2023, sales of diesel automobiles were 14.9% as opposed to petrol engines with 67.1% and hybrids with 10.5%. Sales of automatic gearbox automobiles were 81.3%. Of light commercial vehicle sales, 162,328 (77.5%) vans, 20,105 (9.6%) light trucks, 15,792 (7.5%) minibuses, 11,085 (5.3%) pick-up trucks, and 131 caravans were sold.

 

In 2022, sales of cars and light commercial vehicles in Turkey were 783,283 units, an increase of 6.2% on the figure of 737,350 units for the previous year of 2021. Sales of cars increased 5.5% to 592,660 units, and sales of light commercial vehicles increased 8.6% to 190,623 units compared to the previous year. In 2022, sales of diesel automobiles were 17.4% as opposed to petrol engines with 69%, and sales of automatic gearbox automobiles were 78.3%. Of commercial vehicle sales, 146,093 (76.6%) vans, 22,483 (11.8%) light trucks, 9,761 (5.1%) minibuses, and 12,286 (6.4%) pick-up trucks were sold.

 

In previous years, sales of cars and light commercial vehicles in Turkey were as follows: 772,788 units (2020), 479,060 units (2019), 620,937 units (2018), 956,720 units (2017), 983,720 units (2016), and 968,017 units (2015).

 

Click here for report (Turkish)

 



Turkey’s net minimum wage has been raised 49% to TL 17,002 (USD 577) as of 01.01.2024       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate increases marginally to 64.86% in January 2024       Turkey’s official unemployment rate is 8.8% in December 2023       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 85,372,377 as of 2023 yearend       No. of foreigners visiting Turkey in 2023 increases 10.4% to 49.2 million       Turkey’s private sector foreign debt is USD 164.4 billion as of yearend 2023       Turkey’s economy grew 5.5% in 2022       FDI to Turkey is USD 10.6 billion in 2023       Turkey’s current account deficit is USD 45.2 billion in 2023