NEWS Automotive        02/02/2021

Automotive sales in Turkey were 60.3% higher in January 2021

The Automotive Distributors Association (ODD) disclosed that sales of cars and light commercial vehicles in Turkey were 43,728 units in January 2021, an increase of 60.3% on the figure for the same month of the previous year. Sales of cars increased 60.6% to 35,358 units, and sales of light commercial vehicles increased 59.2% to 8,370 units in January 2021 compared with the same month of the previous year. In January 2021, sales of diesel automobiles were 27.5% and sales of automatic gearbox automobiles were 80%. Of commercial vehicle sales, 6,258 (74.8%) vans, 1,074 (12.8%) light trucks, 264 (3.2%) minibuses, and 774 (9.2%) pick-up trucks were sold.

 

Though automotive sales continue to surpass sales for the same period of the previous year, it is expected that sales will gradually fall over the coming months as the Turkish government’s tighter monetary policy drains demand. Interest rates were increased by the Turkish Central Bank in November and December 2020, raising the rate to 17%. The cost of loans from banks has risen accordingly.  

 

In 2020, sales of cars and light commercial vehicles in Turkey were 772,788 units, 61.3% higher than the figure for the previous year of 2019. Sales of cars increased 57.6% to 610,109 units, and sales of light commercial vehicles increased 77.2% to 162,679 units. In 2020, sales of diesel automobiles were 39.5% and sales of automatic gearbox automobiles were 71.5%. Of commercial vehicle sales, 125,038 (76.9%) vans, 18,708 (11.5%) light trucks, 7,961 (4.9%) minibuses, and 10,972 (6.7%) pick-up trucks were sold.

 

In 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 19.25% in August 2021       Turkey’s official unemployment rate shoots back up to 12% in July 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