Germany retains top spot in Europe real GDP gains, but momentum fading
3 hours ago
Vehicle sales in Turkey rose 5.6% y/y in September to 71,352 units, following the 1.4% annual rise seen in August, data from the Automotive Distributors’ Association (ODD) showed on October 3.
Sales of passenger cars increased by 4% y/y to 53,423 units in the month while 17,929 light commercial vehicles (LCVs) were sold, marking a 10% y/y rise.
Total vehicle sales contracted by 2% y/y to 627,343 units across January-August. Passenger car sales fell by 3% y/y to 476,621 while LCV sales increased by 2% y/y to 150,722 units.
The ODD forecasts that auto sales will amount to between 875,000 and 925,000 this year, less than the 1.01mn units sold in 2016.
Last month, the government raised the motor vehicle tax on passenger cars by 40%, effective January 1, 2018.
Related Content
Data
Germany retains top spot in Europe real GDP gains, but momentum fading
Germany may be the sick man of Europe, but the industrial powerhouse is still top dog in terms of gains in real GDP growth for now. But not for long. A three-year long recession is eating into the big lead, Germany built up before the war in Ukraine
Russia-EU trade turnover falls to historic low as sanctions bite
Trade between Russia and the European Union has plummeted to its lowest level on record, as sanctions, energy decoupling, and sanctions bite, Izvestiya reported on December 2.
_2_1764657985.jpg)
Japanese firms record impressive pre-tax profit in July-September quarter
Japanese companies delivered a robust performance in the July–September quarter, recording a near-20% rise in pre-tax profits as expanding investment in artificial intelligence and related infrastructure continued to bolster corporate earnings.
Fitch Solutions trims Azerbaijan growth outlook, expects manat to remain stable through 2026
Downwards revision based on continued dependence on the oil and gas sector despite diversification measures.
PMI data “provide hope” Turkish manufacturing will see better fortunes at turn of year
Though it brought another contraction, November was best month since February, S&P says.
Most Read
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago
-
India’s smart metering push gains momentum
4 months ago
-
The birth of a Kazakh banking empire: ATF Bank
3 years ago