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Turkey’s Auto Market Narrows as July Sales Drop

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Madona Gasanova
05.08.21 23:00
284
The Turkish automobile and light commercial vehicle market narrowed by 45.3% year-on-year in July with sales of some 47,849 units, according to the official data published by the Automotive Distributors Association (ODD).

The report revealed that sales, meanwhile, increased by 29.6% in the January-July period of 2021 compared to the same period of the previous year and reached 442,550 units. During that period, automobile sales increased by 27% to 346,636, while light commercial vehicle sales increased by 40.1% to 95,914, Daily Sabah reports.

In July, automobile sales decreased by 47.7% compared to the same month of last year with 36,311, while light commercial vehicle sales decreased by 35.8% to 11,538.

The automobile and light commercial vehicle market shrank by 25.2% according to the average 10-year July sales with the automobile market shrinking 25.8% and the latter shrinking by 23.2%.

The data showed that in the January-July period, A, B and C segment cars constituted some 85.5% of the total market which are considered low-tax segments.

C segment cars had a share of 55% with 191,554 units, and B segment cars had a 29.6% share with 102,485 units.

When evaluated per the body type, the most preferred cars again were the sedan vehicles with a 41% share. SUV vehicles followed sedans with 34.5% while hatchback cars constituted some 22.4%.

In the January-July period, gasoline automobile sales took a 65.4% share of the market with 226,692, while diesel automobile sales took 21.3% with 74,002, hybrid automobile sales with an 8.2% share with 28,421 and autogas automobile sales with a 4.8% share and 16,502 units. During this period, 1,019 electric cars were sold.