[SMM Iron & Steel] Turkish Automotive Sales Slump 7.4% in Jan-May 2026 Under Restrictive Credit Conditions

Published: Jun 4, 2026 14:43

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According to the Turkish Automotive Distributors and Mobility Association (ODMD), Turkey’s cumulative automotive sales fell by 7.4% year-on-year in the first five months of 2026, dropping to 433,005 units. During the January-May 2026 period, passenger car sales contracted by 7.0% year-on-year to 341,885 units, while light commercial vehicle (LCV) sales experienced a steeper decline of 9.2% to 91,120 units. In May 2026 alone, the total vehicle market shrank by 10.1% year-on-year to 100,305 units, with car sales dipping 8.3% to 80,260 units and LCV sales sliding 16.8% to 20,045 units.

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