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Automobiles

Turkey car sales drop as inflation puts them out of reach for many

Prices of imported vehicles more than double due to weaker lira

A car dealership in Bursa, northwestern Turkey. Buying a new car is becoming more and more difficult for the average consumer due to soaring prices.   © Anadolu Agency

ISTANBUL -- Turkey's soaring prices are putting the brakes on domestic car sales. Unit sales of new autos fell in 2021 versus the previous year, while output declined for the fourth year in a row.

Prices for imported vehicles, which make up most of the market, more than doubled because of a combination of a lira in free fall, coupled with one of the world's highest automobile taxes. Domestically manufactured vehicles also became more expensive due to higher prices for imported parts and semiconductor shortages.

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