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Report Details Turkish Car Rental Market during COVID-19
The car rental market in Turkey has recovered somewhat as travelers utilize leasing to avoid public transportation during the pandemic.
August 26, 2020
From January to June, the rental market sold 37,000 used vehicles, while only 14,900 new vehicles were purchased during the same time period.
Photo via Wallpaper Flare.
1 min to read
Turkey's car rental industry experienced a 13.2% decline in the vehicle availability first half of 2020, according to a new industry report.
The number of vehicles available for rent shrank from 295,000 to 256,000 year-over-year. This decline was spurred by a high number of vehicles sales by car rental companies.
From January to June, the rental market sold 37,000 used vehicles, while only 14,900 new vehicles were purchased during the same time period.
The report notes that car rental companies plan to add between 15,000 to 20,000 vehicles to their fleets by the end of the year.
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