Light vehicle sales in Turkey declined by 34.2% year-on-year in January, according to figures released by the Automotive Distributors’ Association (ODD).

ODD figures show that 29,545 passenger cars and light commercial vehicles were sold in Turkey in January compared to sales of 44,892 units last year. Car sales were down 29.4% to 21,077 in January.

The top brand for sales in January was Renault with 4,710 vehicles units, followed by Volkswagen at 3,848 units and Ford with 3,671 units.

Local analysts point to a slowdown in the Turkish economy, higher interest rates and exceptionally cold weather as factors behind the weak January sales.

The Turkish vehicle market was up 15% to 911,000 units in 2011, but the second half saw a significant slowdown.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now