ISTANBUL (Reuters) -- Turkish auto sales are set to fall 2 percent to 800,000 vehicles next year as a weakening currency makes imported cars more expensive and as the government tries to slow auto loans, the CEO of Renault's Turkish sales unit said.
"November and December are the most active months for automotive sales, and deals may help increase annual sales to 810,000-820,000 by the year end," Renault Mais CEO Ibrahim Aybar told Reuters.
Turkish automotive sales in the first 10 months of the year rose 9 percent to 644,359 units. In 2012, 777,761 vehicles were sold, when the sector was hit by a shrinking export market in Europe and weaker domestic demand.
Renault is the market leader in Turkey in terms of passenger car sales with a 10-month volume of more than 100,000 units, according to market researcher JATO Dynamics.
Aybar said government measures to reduce loans may also affect sales. Turkey's banking watchdog BDDK is working on regulations to introduce a minimum 25 percent down payment on vehicle loans and restrictions on the number of installments.
The Turkish lira has lost about 14 percent against the euro and 8 percent against the U.S. dollar in the last six months.