Better than expected car sales reported in Turkey

Local retailers in Turkey's western province of Izmir reported better than originally anticipated car sales

Better than expected car sales reported in Turkey

 

Car sales in the first four months of 2010 proved better than originally anticipated in a market hit hard by a global recession, said local retailers in Turkey's western province of Izmir.

The upward trend in the sale of cars followed signals of an economic recovery in Q1 from the global financial crisis as promotion campaigns and low-cost car loans helped sales surpass expectations.

Retailers were hopeful for that sales would continue to increase not only in the medium and lower segment cars but also in upper segment and foreign make cars as well.

Total market in the Turkish automotive industry grew by 7.2 percent in Q1 2010 over to the same period last year as exports from the automotive industry rose by 67.3 percent and car exports increased by 52.9 percent.

Total production in the automotive industry also increased by 81 percent in the same period.

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Last Mod: 26 Nisan 2010, 11:39
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