Turkey auto market year-to-date sales hit highest-ever sales numbers

A total of 483,950 cars and LCVs were sold in Turkey in January-July period, statistics of Automotive Distributors' Association showed.

Turkey auto market year-to-date sales hit highest-ever sales numbers

Turkey's automobile and light commercial vehicle (LCV) sales grew 42.5 percent in first 7 months of 2011 when compared with the same period a year earlier, recording highest-ever figures in country's auto market.

A total of 483,950 cars and LCVs were sold in Turkey in January-July period, statistics of Automotive Distributors' Association (ODD) showed.

Sales rose 76.2 percent in first quarter of the year and 36.6 percent in second quarter. However, sales increased only 2.55 percent in July and showed a slowdown as expected by market analysts.

Experts said impacts of measures taken by Turkish Central Bank to keep loan growth at 25 percent were felt in country's auto market since March and caused a slowdown in sales.

ODD report on sales figures said that measures to curb loan growth would have a more powerful effect on Turkish automotive market in the second half of the year.

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Last Mod: 04 Ağustos 2011, 15:31
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