NEWS Automotive        03/03/2020

Automotive sales in Turkey increase by 89.4% in February 2020

The Automotive Distributors Association (ODD) disclosed that sales of cars and light commercial vehicles in Turkey were 47,122 units in February 2020, 89.4% higher than the figure for the same month of the previous year. Sales of cars increased 96.4% to 37,727 units, and sales of light commercial vehicles increased 65.7% to 9,395 units in January 2020 compared with the same month of the previous year. The introduction of cheaper automotive loan packages as of October 1st, 2019 from Turkish state banks Ziraat Bank, Halkbank and Vakıfbank, and similar peckages offered since by Turkish private banks have helped boost automotive sales over the last six months. Despite the fact that Turkey is still in the midst of an economic recession which will continue to dampen demand over the foreseeable future, automotive sales in February were neverthess very good and back up to 2018 levels.

 

In the first two months of 2020, sales of cars and light commercial vehicles in Turkey were 74,395 units, 89.6% higher than the figure for the same period of the previous year. Sales of cars increased 97.9% to 59,743 units, and sales of light commercial vehicles increased 61.7% to 14,652 units.

 

In the first two months of 2020, sales of diesel automobiles were 43.5% and sales of automatic gearbox automobiles were up to 71.2%. Of commercial vehicle sales, 10,909 (74.5%) vans, 1,680 (11.5%) light trucks, 1,107 (7.5%) minibuses, and 956 (6.5%) 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 16.19% in March 2021       Turkey’s official unemployment rate jumps to 13.4% in February 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