From a year ago, auto sales increased by about 5.0 percent in September. At the same time, sales of energy vehicles increased by 22.1% over the previous year to 746,000 units.

The association reported that in the first nine months of the year, energy passenger car sales experienced a significant yearly growth of 33.8 percent.

The CPCA saw that customers chose to purchase new automobiles rather than make house investments during the slump in the real estate industry.

According to figures, passenger automobile exports increased 50% year over year in September.

Data were released after Brussels formally opened an inquiry into the Chinese electric vehicle industry. The EU expressed concern that Chinese electric vehicle producers’ subsidies endanger the already precarious position of EU automakers.

China referred to the investigation as a protectionism move and warned that it would slow down the supply chain.

Source: RTT NEWS
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According to the news of Hürriyet Daily News, Turkey’s car and light commercial vehicle sales decreased 31.88 percent in the first ten months of the current year, the Automotive Distributors’ Association said on Nov. 19.

A total of 330,384 automobiles were sold during this period, down from 485,027 in 2018, according to a report by the association.

Passenger car sales went down by 29.17 percent to 268,624 in the first ten months of 2019, compared to the same period of previous year.

“In January-October 2019, light commercial vehicle market decreased by 41.6 percent, in comparison to previous year, to 61,760. In 2018, the sales were 105,753,” it added.

On the other hand, passenger car market surged by 138 percent in October this year, with passenger car and light commercial vehicle market increasing to 49,075. “In comparison to the total number of 21,571 in October 2018, the sales went up in a ratio of 127.5 percent,” it noted.

It said passenger car sales went up by 137.94 percent in 2019 year-on-year, reaching 39,996, up from last year figure of 16,809.

Light commercial vehicle market increased by 90.66 percent to 9,079 in October, compared to the same period last year. In 2018, the sales were 4,762.

EU commercial vehicle market grows by 8.7 percent

Also, the European Automobile Manufacturers’ Association (ACEA) reported new car registrations were down 0.7 percent compared to the first 10 months of 2018.

“Although demand increased across the EU in September and October, Germany (3.4 percent) remained the only major European market to record growth so far in 2019,” it said.

By contrast, Spain (6.3 percent) and the United Kingdom (2.9 percent) saw the strongest declines during the same period, while the Italian (0.8 percent) and French (0.3 percent) markets have almost recovered to 2018 volumes.

ACEA added that the EU passenger car market grew by 8.7 percent to reach 1,177,746 units registered, marking the highest October total on record since 2009.

As a result, nearly all EU countries posted increases in October, with the exception of Greek Cypriot administration and the United Kingdom, it noted.

Four of the five major EU markets noted strong gains, Germany (12.7 percent), France (8.7 percent), Italy (6.7 percent) and Spain (6.3 percent), while car sales contracted in the UK (6.7 percent).

Source: Hürriyet Daily News / link: http://www.hurriyetdailynews.com/turkish-auto-sales-decrease-in-first-10-months-148859
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Car production increased to 42% (over 400,00 vehicles) in the first four months in of 2017, when compared with the same period of time last year.

According to a report prepared by the Automotive Manufacturers’ Association (OSD), car export is on the increase during this period by going up by 57% (by reaching 337,000 units).

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The Dacia brand still leads the market with 6,495 registrations, followed by Renault (4,795), Peugeot (2,387), Nissan (1,736) and Citroën (1,564).

However, some manufacturers have performed poorly, including Ford (-4.5%), Fiat (-12%) and Hyundai (-15%).

Source: infomediaire.net

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.