ISTANBUL, Dec 21 (Reuters) - Dogus Otomotiv, which sellscars in Turkey, expects a 15 percent decline in vehicle sales in 2012 due to concerns in the global economy, the firm's Chief Executive Officer Ali Bilaloglu told Reuters on Wednesday.
Vehicle sales were expected to drop to 85,000 units in 2012, from 100,000 this year, he said in an interview in Istanbul.
"It is a high possibility that 2012 will be a tougher year then 2011. Our expectation is for a 15 percent shrinkage in the market. The state of Europe and the U.S. is impacting the Turkish economy," said Bilaloglu.
The carmaker expects revenues to rise to 4.5 billion lira ($2.39 billion) next year, from 4 billion lira in 2011 amid help from new model sales, he said. ($1 = 1.8828 Turkish liras) (Reporting by Evren Ballim; Writing by Seda Sezer)