Turk Traktor October sales figures: Turk Traktor announced sales figures for the month of October. The Company reached a sales volume of 2847 tractors in the domestic market in October with a 131% YoY increase. The domestic tractor sales continue to rise with farmers’ good product yield, rising food prices, favourable tractor loan conditions and expectations of tractor price increase in the coming months. On the other hand, export sales continue to be weak as tractor sales in the foreign markets remain stagnant amid COVID-19 conditions. We welcome total October sales figures as strong domestic volumes should continue to fuel revenues and earnings creation in Q4.
- Turk Traktor sold 2847 tractors in the domestic market in October, indicating a 131% surge YoY. On a cumulative basis, the Company sold 15,979 tractors in 10M20 with a 97% increase over the same period of last year.
- Turk Traktor exported 1,401 tractors in October with a 3% fall YoY. On a cumulative basis, the Company exported 10,391 tractors in 10M20, indicating a 22% fall over 10M19.
