Turkish auto sales fall 8% in January

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ISTANBUL (Reuters) -- Turkish automotive sales fell 8 percent in January to 32,670 vehicles, the Automotive Distributors' Association (ODD) said.

The ODD has forecast sales of 800,000 to 860,000 vehicles this year, but warned last month that a tax hike on passenger cars and recent banking measures aimed at curbing Turkey's growing current account deficit could dent sales.

Last year, deliveries in the market rose 10 percent year-on-year to 853,378 vehicles.

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