Turkish car market’s sales soar, brands revise year-end targets upward

Car sales up 30% and car makers update their plans for the end of the year

Passenger and light commercial vehicle sales in Turkey increased in June amid the easing of lockdown measures applied to curb the spread of the coronavirus pandemic and on the back of a loan package introduced by public lenders, according to Daily Sabah.  Nearly all car makers have revised their year-end forecasts in line with the upward trend that signals quick rebound.

Automotive Distributors’ Association (ODD) data said passenger car and light commercial vehicle sales in Turkey jumped by 66% year-on-year last month to 70,973 units. Passenger car sales were up 58.4% to 57,067, and light commercial vehicle sales soared 108.7% year-on-year to 13,906 in the month.

Sales up 30% year-on-year

Overall, sales from January through June surged 30.2% year-on-year, the data showed, totaling 254,068 units. The country saw 50,473 light commercial vehicle sales and 203,595 passenger car sales in the first six months of the year. They were both up 30.2% year-on-year.

Murat Şahsuvaroğlu, the chairman of Turkey’s Authorized Automotive Dealers Association (OYDER), said the move by the public banks together with confidence in the economy was reflected in the June figures, noting that the first six month’s results signaled recovery for the third quarter as well.

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