11/24/2010

Turkish car market registers record growth in October

Zaman - Car sales in Turkey reached new heights in October, making the country’s car market the growth champion in Europe.

A sharp spike of 246 percent was observed in October’s car sale figures, when compared to the same month in 2009, while European car sales contracted by 16 percent in the same period.

Backed by economic indicators bettering those of Europe, the Turkish car market outlook is expected to remain positive for the months to come. Sales in the period from January to October have also risen by 22 percent year-on-year, reaching more than 360,000 units.
turkey; car sales; turkish car market; automotive industry