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TURKEY |  AID EXCLUSIVE
Turkey’s belated car sales spring likely nipped in the bud by failed coup frost
Published: Thu, 18th Aug 2016 19:24:18 GMT  
 

Turkey car sales market 2016 6-Months registrations

This year’s opening first half, prior to the only very recently encountered political mayhem, chiefly the failed military coup, Turkey’s passenger car market was destined to edge up another notch after posting an all-time sales record last year. 

While in recent years Turkey has cunningly managed to sidestep the very worst of the economic fallout that dogged much of Western Europe, of late it has almost certainly created its own poison pill.

Early days, but some observers now take the view that recent cataclysmic events in Turkey are virtually guaranteed to derail the country’s only recently started economic upswing and in consequence will tempt the country’s wary consumers to keep their wallets shut until the dust settles. 

Latest headline grabbing events, as if to underline Turkey’s membership of the so-called ‘fragile five’ - made up further of India, Brazil, South Africa and Indonesia - Turkey also stands out for its striking resilience to rebound from crises quickly.
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