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
Turkey ups steel exports 28% in 2024 driven by EU shipments, US takes just small percentage
Turkey upped its steel exports by 27.6% y/y in 2024 to 13.4mn tonnes, according to the Turkish Steel Association (TCUD). Growth was driven by shipments to the European Union (5.9mn tonnes, up ... more
TPAO arm contracts Subsea7 for Sakarya gas field work offshore Turkey
Turkish Petroleum Offshore Technology Centre AS (TP-OTC) has contracted international offshore service provider Subsea7 to provide inspection, repair and maintenance (IRM) services at the Sakarya ... more
Turkish firm Bonysocks earmarks $50mn to build Egyptian factory
Turkish socks manufacturing company Bonysocks plans to invest $50mn to build a new factory in Egypt, Al Ahram reported on January 12 citing the Turkish Ambassador in Cairo, Salih Mutlu Şen. ... ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
15 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago