Turkish auto sales rise by 40% y/y in July

By bne IntelliNews August 5, 2015

Auto sales (passenger cars plus light commercial vehicles-LCVs) increased by 39.94% y/y in July to 83,836 units with passenger car sales rising by 38% y/y and LCV sales up 47.5% y/y, said the Automotive Distributors’ Association (ODD) on August 5.

In July, 64,218 passenger cars and 19,618 units of LCVs were sold in the domestic market.

The pace of growth in auto sales slowed to 39.94% in July from 43.21% y/y in June, 40.3% in May, and 72% y/y in March, showed data from the ODD.

In the first seven months of the year total auto sales increased by 47% y/y to 516,386 units. 392,064 passenger cars were sold in January-July, representing a 44% y/y increase, while LCV sales rose by 67.1% y/y to 124,322 units.

The ODD forecasts auto sales to be between 900,000 and 950,000 units this year.

Vehicle Sales in Turkey        
  July   January-July  
  units y/y, % units y/y, %
Total 83,836 39.94 516,386 48.91
Passenger 64,128 37.8 392,064 43.94
LCV 19,618 47.45 124,322 67.12
source: odd        

Related Articles

Professor says climate change putting Turkey at risk of becoming a “disease-prone desert”

Turkey is at risk of becoming a “disease-prone desert” with water resources and forests disappearing, Hurriyet Daily News reported Professor Mikdat Kadioglu from Istanbul Technical University’s ... more

Turkey’s lira and shares start moving sideways as significance of early elections is debated

The strongly positive initial reaction given by markets to April 18’s surprise announcement of snap elections in ... more

Turkish lira’s chronic weakness credit negative for Turkey’s sovereign rating says Moody’s

The chronic weakness of the Turkish lira (TRY) is credit negative for Turkey’s sovereign debt rating and poses ... more

Dismiss