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

Erdogan says he plans talks with lenders on cutting Turkish interest rates

Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more

Turkey's Erdogan turns fire on US ambassador in diplomatic spat over arrest

Turkish President Recep Tayyip Erdogan has turned his fire on the US ambassador to Turkey for the ... more

Turkey-based Eurasian development bank ETDB signs memo to boost return to Iran

The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more