5/18/2011

Car sales in Turkey surge amid European slowdown

Zaman – Car sales in Europe dropped an average of 3.8 percent in April as all major markets, save for Germany, posted declines, while sales in Turkey registered a hefty 47 percent increase over the same month of 2010.

Over 53,000 new cars took to Turkey’s roads in April, according to Turkey's Automotive Distributors’ Association’s (ODD) data, making the country the sixth biggest market after Spain. Analysts believe Turkey could surpass Spain to become the fifth biggest car market in Europe if the current market trends persist throughout the year.

Car sales in Turkey during the January-April period had surged 70.3 percent year-on-year, ranking the country 8th in Europe with over 176,000 cars sold.
Turkey; car sales; automotive industry; turkish car market; europe car sales