Turkey F1 racetrack to be turned into used car dealership

F1 Grand Prix of Turkey - Race
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Turkey's F1 racetrack has been converted into a used car dealership, confirming that the Istanbul Park racetrack won't be featuring on the F1 calendar any time soon.

Istanbul Park hosted races between 2005 and 2011, but lacked both enough financial and public support to keep it running.

Reports now show that because of this lack of support, the $300million racetrack has now been turned into a used car dealership and is due to be called Istanbul Park Market.

The company behind the purchase plans to sell 25,000 from the location, and has signed a 10-year lease to keep hold of the former racetrack.

The last race took place in 2011, with Sebastian Vettel winning first place, followed team mate Mark Webber and Ferrari's Fernando Alonso.

The track hosted GP2 and MotoGP races, too. The layout was designed by legendary race track planer Hermann Tilke who hoped to catch drivers out with a series of challenging corners and capacity for 155,000 spectators. It was once described by Bernie Ecclestone as "the best track in the world."

However, despite the track offering an exciting experience for both drivers and spectators, it failed to bring in locals and suffered from financial problems.

Sales and marketing director for iPOP, the company taking charge of the premises, Cevat Kabatas told local newspaper Sozvu: "The main idea of this project is a car dealership, but one that is customer-orientated and with sound infrastructure.

"This is the first and most important difference that separates us from other car dealerships."