The sale of commercial vehicles in Turkey are down significantly year over year so far in 2019, due in part by an expiration of tax incentives.
A diverse economy and strong automotive market thrive amidst political uncertainty and regional instability.
Ford Otosan is investing $52 million toward one of its manufacturing facilities in Turkey to increase the output of Transit, Transit Custom, and Toruneo Custom vehicles for the European commercial fleet market.
Turkish automotive production through the first six months of 2017 has risen 20% year-over-year to 869,158 vehicles, according to Reuters.
Turkey’s auto production hit a 10-year high during the first four months of 2017, which rose by 42% when compared to last year.
In the first three months of 2017, Turkey’s Humanitarian Relief Foundation (IHH) has dispatched over 1,000 trucks loaded with humanitarian aid to Syrians, according to the Anadolu Agency.
There are more than 17 million vehicles in Turkey, of which 40% are fleet vehicles. Fewer than 13% of the population in Turkey either owns or drives a vehicle, according to research by 'Automotive Fleet' magazine. In terms of fleet passenger cars, only 10% of the 2.4 million company cars in Turkey are leased, but demand for fleet leasing has been growing.
Fleet sales are a very important component of the European automotive market, accounting for more than half of all vehicle sales in some country markets.
İmza Lojistik has updated its fleet with 400 Mercedes-Benz Actros 1844 LS trucks. The Turkish logistics company is using them to replace 300 vehicles from its existing fleet and also expand it by 100 new trucks.
Nissan has taken direct control and ownership of its sales operations in Turkey as the Japanese car maker pursues a growth strategy in the country.
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