Turkish auto sales fall 28% in April
ISTANBUL (Reuters) -- Turkish vehicle sales fell 28 percent in April to 53,305, data from the Automotive Distributors' Association (ODD) showed.
In the first four months, sales are down 26 percent year-on-year to 168,577, the association said on Tuesday.
The ODD has forecast sales of 800,000 to 860,000 vehicles this year, but warned in January 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.Contact Automotive News