Automobile & light commercial vehicle market increases by 66.3 percent in Turkey in June

According to ODD’s (The Automotive Distributors Association) data, the automobile and light commercial vehicle market in June increased by 66.3 percent compared to the same period last year and was 70,973 units. Domestic brands have increased market share thanks to a credit campaign and the advantage of fast supply.

The Automotive Distributors Association (ODD) announced market results for cars and light commercial vehicles in June. According to ODD’s data, the automobile and light commercial vehicle market in June increased by 66.3 percent compared to the same period last year and was 70,973 units. Thus, the sales record for June of the last three years was broken. This rapid rise in sales has been motivated by the large impact of low-interest loans, which came into operation last month.

In June, car sales increased by 58.4 percent compared to the same month of the previous year, while 57,67 units, light commercial vehicle market increased by 108.7 percent 13,906 units was. The car and light commercial vehicle market rose 1 percent over the 10-year June average sales. The car market rose 6.2 percent over the 10-year June average sales. The light commercial vehicle market, on the other hand, was down 15.9 percent compared to 10-year June average sales.

Turkey’s total market for automobiles and light commercial vehicles, at the end of June 2020, increased by 30.2 percent compared to the same period of the previous year and was 254 thousand 68 units. Car sales, 2020 in the first half compared to last year increased by 30.2 percent and became 203,595 units while the light commercial vehicle market increased by 30.2 percent and reached 50,473 units.