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Turkish State Is Biggest Customer for Luxury Cars, Aksam Says

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June 12 (Bloomberg) -- The Turkish government is creating demand for foreign luxury vehicles, despite a law requiring officials to use cars that are at least 50 percent locally produced, Aksam reported.

Officials circumvent the restriction by having state institutions rent the cars, and in this way the state makes up 60 percent of Turkey’s luxury-vehicle rental market, the newspaper said, without saying where it got the information.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net