Figures from Turkey’s Automotive Distributors Association (ODD) have revealed that in the first quarter of 2019 the sale of passenger cars and commercial vehicles has dropped 44.2 percent year-on-year, the Diken news website reported on Tuesday.
A total of 88,469 vehicles were sold over the first three months of the year, a significant decline over last year’s 158,430 in the same period.
Passenger car sales declined from 122,310 to 68,812, a 43.7 percent decrease.
The number of commercial vehicles dropped 45.6 percent from 36,120 to 19,657 in the same period.
The report was the latest addition to a series of recent statistics that point to continuing turbulence in the country’s automotive market.
Annual sales for 2018 had represented a 35 percent contraction compared to the previous year.
The figures also showed a decline in the number of cars manufactured, one of Turkey’s leading industries.
The post Turkish automotive market contracts by 44 percent in first quarter of 2019 appeared first on Turkish Minute.
from Turkish Minute https://www.turkishminute.com/2019/04/02/turkish-automotive-market-contracts-by-44-percent-in-first-quarter-of-2019/
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