Trade Resources Industry Views Motor Vehicle Sales in Turkey Decreases by 24 Percent in Jan-Mar

Motor Vehicle Sales in Turkey Decreases by 24 Percent in Jan-Mar

In the first three months of this year, motor vehicle sales in Turkey totaled 122,852 units, decreasing by 24 percent year on year, according to the Turkish Automotive Manufacturers Association (OSD). Meanwhile, in March of the current year motor vehicle sales in the country saw a decline of 30 percent compared to the same month of 2013, totaling 51,062 units.

In the January-March period this year, passenger car sales in Turkey amounted to 89,347 units, decreasing by 22 percent year on year. In March, passenger car sales decreased by 27 percent year on year to 37,812 units.

On the other hand, in the first three months of this year Turkey's motor vehicle exports came to 203,035 units, down one percent, while its passenger car exports amounted to 136,408 units, up 23 percent, both year on year. The country exported 59,783 small trucks in the period in question, down 29 percent year on year. Revenues from total motor vehicle and component exports in the first three months amounted to $5.66 billion, rising by 10 percent, while the revenue from passenger car exports totaled $1.81 billion, rising by nine percent, both on year-on-year basis.

On the other hand, in the first three months this year, Turkey's passenger car imports decreased by 24 percent to 68,005 units, while total motor vehicle imports amounted to 82,890 units, down 24 percent, both on year-on-year basis.

Source: http://www.steelorbis.com/steel-news/latest-news/turkeys-motor-vehicle-sales-down-24-percent-in-jan_mar-822715.htm
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Turkey's Motor Vehicle Sales Down 24 Percent in Jan-Mar
Topics: Metallurgy