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ODD represents 26 member companies that together have 43 international automotive brands.
Online second-hand vehicles sales in Turkey increased 38% in May​ from the previous month, according to a ​report​ from the Automotive Distributors’ Association.
In the month, some 144,000 passenger cars and 37,000 light commercial vehicles (LCVs) were sold online.
The increase in online sales was 79% y/y for passenger cars and 21% y/y for LCVs.
The number of vehicles put up for sale, on the other hand, showed a 72% rise from April, according to the association.
The trading group also reported that second-hand vehicle prices increased by 2% on a monthly basis while the increase in prices was nearly 17% compared with last December.
Five to 10 year-old vehicles accounted for 49% of all vehicles sold online.
“The second-hand car market is expected to revive further in June as the government lifts travel bans, and public banks have started to offer cheaper loans for this segment,” said Asli Goker at INDICATA Turkey, which collects data on the second-hand car market.
Auto sales in Turkey are set to increase more than 17% y/y in June​ thanks to cheap loans that local banks are providing, according to Murat Sahsuvaroglu, head of the Authorized Dealers’ Association (OYDER).
“The monthly interest rate for car loans is as low as 0.49%. Car sales nearly came to a complete halt because of the coronavirus pandemic in the past couple of months. But sales have started to pick up lately,” he ​said​.
OYDER estimates that auto sales will expand to at least 50,000 units in June versus 43,000 units a year ago.
Sahsuvaroglu also noted that there would be shortages of imported cars on the local market in coming months because of production stoppages caused by the pandemic.
Consumers are being told they must wait up to three months to get the imported car​ they want whereas there are no such problems with locally produced vehicles, officials from OYDER said.
9.1.3​ Transport sector news
Turkey’s airports served a total of 34mn passengers in the first five months of 2020, marking a sharp 55% y/y decline​.
The number of domestic passengers fell by 52% y/y to 19.5mn while the international passenger tally was down 58% y/y to 14.2mn, the airports authority, DHMI, reported.
In 2019, the country’s airports welcomed a total of 200.8mn passengers, which only represented a 1% increase from 2018.
In May, air traffic ​fell​ 100% to a negligible 48k PAX​, as cities were closed for quarantine. Turkish Airlines did not operate scheduled flights and its planes
60​ TURKEY Country Report​ July 2020 ​ ​www.intellinews.com