Turkey auto sales recover in June but microchip shortage a concern

摘要

Highlighting that the recovery in Turkish automotive sales continued in June amid strong demand, Ali Bilaloglu, chairman of the Turkish Automotive Industry Association, said that the global microchip crisis is expected to create some supply issues in the second half of the year. "Buyers could focus on the secondary market ... but we don't foresee prices in that market to rise above new vehicle prices, [as was seen] in the previous year," Bilaloglu said July 2. Baran Celik, chairman of Uludag Automotive Industry Exporters' Union, or UIB, said that the stoppages in the industry due to tight microchip supply also impacted the sector's exports, although they rose notably year on year mostly on base effect.