The panic of rising prices brought a new record in the automotive industry.
Sales of automobiles and light commercial vehicles increased 62.7 percent in April to 97,679 units.
While consumers’ view of the car as an investment tool due to high inflation kept vehicle demand alive, the decline in the supply chain-related vehicle availability problem has led to an increase in sales since beginning of the year.
Sales were the highest since at least 2012, according to data from the Automotive Distributors and Mobility Association (ODMD).
In the period January-April 2023, Turkey’s total car and light commercial vehicle market increased by 57.3 percent compared to the same period of the previous year, reaching 333,650 units.
HIGHEST MONTHLY LEVEL IN ELECTRIC VEHICLE SALES
The auto market rose 69.9 percent to 77,398 units in April, while the light commercial vehicle market rose 40.1 percent to 20,281 units.
Electric car sales soared to 2,857 units in April, the highest monthly level ever, as more and more brands brought their electric models nationwide.
Electric vehicles accounted for 3.7 percent of total car sales. (Reuters)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
