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Turkey's auto industry production in Q1 dis by 15% YoY – OSD

Auto News - Published on Thu, 18 Apr 2019

Image Source: Nikkei Asian Review
Hurriyet Daily News reported that according to Automotive Manufacturers Association OSD’s report, automakers in Turkey produced 361,516 vehicles, including automobiles, light commercial vehicles, and tractors in the first quarter of 2019, down by 15% YoY. The report said 89% of manufactured vehicles were exported, marking a 7% annual decline to 320,213 units.

The association also said Turkey's overall auto sales market narrowed 45% YoY to 90,888 vehicles.

Top international automakers- including Ford, Honda, Hyundai, Mercedes, Renault, and Toyota- have factories in Turkey, one of the world's top auto sale markets. In 2018, a total of 641,541 vehicles were sold in Turkey, with passenger cars taking a 75.8% share. Last year, Turkey produced nearly 1.6 million vehicles, earning USD 32.2 billion from exports of some 1.3 million vehicles.

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Posted By : Rabi Wangkhem on Thu, 18 Apr 2019
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