ISTANBUL (Reuters) -- Turkish automotive sales rose to a record high of 750,000 this year up from 557,126 last year as the economy recovered from the global financial crisis and interest rates declined, the country's Vatan newspaper reported on Friday.
Turkish automotive sales in December rose to between 140,000 and 150,000 vehicles, the newspaper reported Ibrahim Aybar, head of Renault Mais, as saying. Renault Mais is a 42-year-old joint venture sales subsidiary Renault operates with Turkey's Oyak.
Turkey's automotive industry includes manufacturers Ford Otosan, a joint venture of local conglomerate Koc Holding AS with U.S. carmaker Ford Motor Co., and Tofas, a joint venture of Koc and Italy's Fiat S.p.A.
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