World Bulletin / News Desk
The number of new vehicles registered in Turkey was up 33.4 percent year-on-year in November 2016, reaching 129,360, the country's statistics authority TurkStat said Tuesday.
The overall number of registered vehicles traveling Turkish roads in the first 11 months of last year was up 0.55 percent to reach 21 million, according to TurkStat.
Motor vehicle registration in the country also increased 32.1 percent in November compared to the previous month.
In terms of distribution of model brands for new registered cars in November, 13.2 percent were Volkswagen, 9 percent Renault, 7.5 percent Opel, 7 percent Toyota, 6.7 percent Mercedes-Benz, 6.5 percent Hyundai, 6.4 percent Fiat, 5.3 percent Dacia, 5.1 percent BMW, and 4.1 percent Nissan. Other brands accounted for 29.1 percent.
In November, out of the total vehicles in Turkey, automobiles enjoyed the lion's share with 68.6 percent of new registrations, while small trucks accounted for 14.3 percent. Motorcycles came in third at 7.8 percent.
Analysts said that while the downturn in the headline readings was disappointing, the economy continued to put in a strong performance.
Crude prices stabilised after diving more than two percent on Tuesday on increasing fears of a global supply glut, as continued production in the US and elsewhere offsets an OPEC output cut deal.
Move estimated to save company $1B in investment costs
However, most other regional markets struggled after Monday's healthy gains, despite being given a positive lead from Wall Street where the Dow and S&P 500 closed at fresh record highs.
The purchase in one fell swoop gives Amazon, which until now has operated almost entirely on the internet, a big presence in the brick-and-mortar world on Main Street, with more than 450 stores in the US, Canada and Britain.
"The Bank of Russia Board of Directors decided to cut the key rate to 9.00 percent per annum," the bank said in a statement. The cut follows a half-point decrease in late April.
Equity traders have suffered a fraught week as the crisis engulfing Donald Trump picks up pace, technology firms tumbled from recent highs and energy plays were hammered by plunging oil prices.
"In May 2017, passenger car registrations across the EU increased by 7.6 percent to 1.387 million units," ACEA said in a statement.
In the eurozone, Frankfurt's DAX 30 index climbed 0.4 percent to 12,746.05 points, and the Paris CAC 40 gained 0.5 percent to 5,243.53 compared with the close on Thursday.
Eastern Mediterranean gas deposits discussed at high-level meeting in Thessaloniki
While a "rebalancing of the market" was "underway," it was "at a slower pace than originally anticipated," the Organization of Petroleum Exporting Countries wrote in its latest monthly oil market report.