NEWS Automotive        02/12/2020

Automotive sales in Turkey are 72% higher in first 11 months of 2020

The Automotive Distributors Association (ODD) disclosed that sales of cars and light commercial vehicles in Turkey were 80,141 units in November 2020, an increase of 37.8% on the figure for the same month of the previous year. Sales of cars increased 34.6% to 64,357 units, and sales of light commercial vehicles increased 52.2% to 15,784 units in November 2020 compared with the same month of the previous year.

 

These continued improved sales figures come as a surprise considering that state banks have discontinued their attractive loan packages first initiated in June, that higher Special Consumption Tax rates were introduced at the end of August for larger models, and that the pandemic and economic recession show no signs of relenting. However, there has been a fall in the increase in sales in November compared with previous months.

 

In the first eleven months of 2020, sales of cars and light commercial vehicles in Turkey were 668,495 units, 72% higher than the figure for the same period of the previous year. Sales of cars increased 67.3% to 529,388 units, and sales of light commercial vehicles increased 92.8% to 139,107 units.

 

In the first eleven months of 2020, sales of diesel automobiles were 40.4% and sales of automatic gearbox automobiles were 70.5%. Of commercial vehicle sales, 106,406 (76.5%) vans, 15,869 (11.4%) light trucks, 7,005 (5%) minibuses, and 9,827 (7.1%) 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 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       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 to 17.53% in June 2021       Turkey’s official unemployment rate decreases to 13.2% in May 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020