Turkish automotive market contracts by 44 percent in first quarter of 2019

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Figures from Turkey’s Automotive Distributors Association (ODD) have revealed that in the first quarter of 2019 the sale of passenger cars and commercial vehicles has dropped 44.2 percent year-on-year, the Diken news website reported on Tuesday.

A total of 88,469 vehicles were sold over the first three months of the year, a significant decline over last year’s 158,430 in the same period.

Passenger car sales declined from 122,310 to 68,812, a 43.7 percent decrease.

The number of commercial vehicles dropped 45.6 percent from 36,120 to 19,657 in the same period.

The report was the latest addition to a series of recent statistics that point to continuing turbulence in the country’s automotive market.

Annual sales for 2018 had represented a 35 percent contraction compared to the previous year.

The figures also showed a decline in the number of cars manufactured, one of Turkey’s leading industries.

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