Automotive market contracts for ninth straight month: October sales fall 31%

The Turkish passenger car and light commercial vehicle market shrank by 15.3% in the first 10 months of the year to 883,799 units. The annual contraction trend that began in February reached its ninth month in October. In October specifically, sales recorded the sharpest decline of the year. The monthly loss exceeded 30.8%, reaching a notable level. As a result, the total market is signaling a move away from the psychological threshold of 1 million units. The prolonged contraction points to weakening demand conditions in the automotive sector. The first 10-month data reveal that the market has followed a steady downward trajectory throughout the year. This picture in the sector shows that the decline in sales volumes has become evident not only on a monthly basis but also on a cumulative basis. Expectations for the remainder of the year contain signals that the current contraction trend may continue. This is not investment advice.

📊 FROTO — Piyasa Yorumu

▼ down · 62%

The news indicates that the contraction in the automotive sector, now in its ninth month, deepened in October with a sharp 31% decline, signaling demand weakness for FROTO. The technical picture is also weak: the price is below SMA20 and SMA50, MACD is in negative territory, and RSI at 44 is at a neutral-to-weak level. Selling pressure may persist in the short term, but the fact that RSI is not close to oversold territory leaves limited room for a rebound. The latest close at 66.1 being very close to SMA20 (66.26) increases the risk of a downside break driven by the news. Still, it is difficult to determine a definitive direction from a single macro data point; I expect a cautiously negative bias.

RSI 14

44.3

MACD

-0.26

24h Δ

-1.05%

📊 TOASO — Piyasa Yorumu

▼ down · 60%

The significant decline in automotive sales may keep companies tied to the automotive sector, such as TOASO, under pressure in the short term. Although RSI is 47.6 and MACD is above the signal line, the price remains below the SMA50, which is a sign of downward weakness. A slight decline in price is expected within 1–3 days.

RSI 14

47.6

MACD

-0.20

24h Δ

-1.27%

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