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Automotive sales drop more than 45 pct in first 8 months: report

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Automobile and light commercial vehicle sales in Turkey dropped more than 45 percent in the first eight months over the same period last year, according to a recent statement from the Automotive Distributors Association (ODD).

A total of 440,428 units were sold from January through August of 2018, plunging to 239,317 this year, the Diken news website reported on Tuesday.

August saw sales of 26,246 vehicles, indicating a 23.58 percent fall year-on-year, according to the ODD.

Turkey survived a currency crisis in the summer of 2018, with the national currency seeing a record low against foreign currencies.

On Jan. 1, the lira’s value was 5.30 against the US dollar, while on Tuesday it stood at 5.75 to the dollar.

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