Picture of Otokar Otomotiv ve Savunma Sanayi logo

OTKAR.E — Otokar Otomotiv ve Savunma Sanayi News Story

0.000.00%
tr flag iconLast trade - 00:00
IndustrialsSpeculativeMid CapNeutral

Turkish auto sales halved in April, slump expected through June -association

ANKARA, April 30 (Reuters) - Turkish automobile and light
commercial vehicle sales hit bottom in April at only around
25,000 units due to the coronavirus outbreak, an automotive
association said on Thursday, with sales expected to ramp up
after June. 
    Auto sales were 50,008 vehicles in March.
    Individual consumers' demand for cars will pick up quickly
after June thanks to cheap credit opportunities, Murat
Sahsuvaroglu, the chairman of Turkey's Authorized Automotive
Dealers Association (OYDER), said in an interview.
    

 (Reporting by Can Sezer;
Writing by Ece Toksabay; Editing by Jonathan Spicer)
 ((ece.toksabay@tr.com; +90 312 2927022; Reuters Messaging:
ece.toksabay.reuters.com@reuters.net))

Recent news on Otokar Otomotiv ve Savunma Sanayi

See all news