Economy

Turkey: Auto sales down in February

Almost 47,000 automobiles and light commercial vehicles sold last month, says report

02.03.2017
Turkey: Auto sales down in February

ANKARA

Turkey’s car and light commercial vehicle sales in February slipped over 11 percent year-on-year, the Automotive Distributors' Association said Thursday.

A total of 46,965 automobiles were sold last month, down 11.09 percent from a year earlier, according to a report from the association.

Cars constituted the bulk of last month's sales, with 34,658 automobiles sold, down 14.6 percent from February 2015, while light commercial vehicle sales rose 0.57 percent to 12,307.

Meanwhile, in the first two months of the year, the country's car and light commercial vehicle sales fell 3.8 percent to 82,288.

The association also said that around 85 percent of the overall auto sales were in the A (mini), B (small), and C (standard) segments, with relatively lower tax burdens.

C-segment auto sales ranked first with a share of almost 51 percent (30,753 vehicles), while the most favored body type in January was sedan with a 47.6 percent share (28,698 vehicles).

Volkswagen was the top brand with 6,502 in sales followed by Renault and Fiat with 6,155 and 5,234, respectively.

Ford was the number four brand (5,138 sales) and Hyundai came in fifth (3,001 sales) in February.

Top international auto manufacturers including Fiat, Ford, Honda, Hyundai, Renault, and Toyota have factories in Turkey, which is among the world’s top auto sale markets.

Last year, the Turkish overall auto sales market hit a record with nearly one million sales --983,720-- 32 percent of those coming from domestic vehicles.

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