Skoda Turkey revises end-year sales target to 7,500 8,000 units.

By bne IntelliNews September 15, 2011
General Manager of Skoda Turkey, Mahmut Kadirbeyoglu, announces that the company revised its year-end sales target to 7,500 8,000 units from previous 10,000 due to supply chain problems. The company sold 6,332 units of vehicles last year and its sales in August increased 54% y/y while total passenger cars sales in the month increased by 37% y/y, Kadirbeyoglu informs. According to data of the branch association ODD, Skoda sold 410 units of vehicles in August and 4,832 units of vehicles in January-August. Kadirbeyoglu argues that the company sold approximately 5,000 units of vehicles, however, it could have sold a more 5,000 units if it did not face supply chain problems. Skoda Turkey currently has a market share of 1.3% and it targets 2.5% - 3% market share in 2015, Kadirbeyoglu asserts. Kadirbeyoglu also notes that passenger car sales in Turkey will increase by 10% - 12% y/y to about 570,000 units in 2011 from 510,000 units of sales recorded last year. Chairman of Skodas local distributor Yuce Auto, Ahmet Yuce, said in June that in the first five months of the year, Skoda sold 3,282 vehicles, representing a 122% y/y increase and they hope to sell 10,000 vehicles this year.
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