Page 62 - TURKRptNov19

In July, the Automotive Distributors’ Association (​ODD) cut its vehicle sales prediction for 2019 to 340,000-380,000 units​ from a previous 350,000-400,000 after ​tax cuts expired at the end of June​.
In November, the ODD hiked back its sales forecast for 2019 to 450,000-500,000 after public lenders cut in October vehicle loans rates to 0.49-0.69% from the 1.40%s.
In 2018, Turkey’s automotive market contracted 35% as a total of 620,937 units of passenger cars and light commercial vehicles (LCVs) were sold versus 956,194 units in 2017.
Turkey's Vehicle Industry
(units)
Sep
y/y
Jan-Sep
y/y
P. Cars Production
90,359
5%
700,851
-9%
Total Production
136,236
3%
1,057,384
-9%
P. Cars Sales
35,308
101%
228,628
-37%
Total Sales
43,001
80%
289,131
-40%
P. Cars Imports
19,563
61%
129,723
-46%
Total Imports
23,233
51%
157,795
-47%
P. Cars Exports
67,590
-6%
594,086
-8%
Total Exports
107,106
-7%
913,772
-6%
P. Cars Exports (USD mn)
986
-2%
8,373
-8%
Total Exports (USD mn)
2,659
0%
22,991
-4%
Tractor Production
2,668
45%
16,478
-50%
Grand Total
138,904
3%
1,073,862
-11%
source: osd
62​ TURKEY Country Report​ November 2019 ​ ​www.intellinews.com