Thursday, Oct 29

Turkey’s auto production down in first 9 months

Automotive production in Turkey this August surged 44% year-on-year.
12.10.2020 - 17:02

Automakers in Turkey produced 854,227 vehicles, including automobiles, light commercial vehicles, and tractors, this January-September, according to a sector report released on Monday.

TOTAL AUTOMOTIVE EXPORTS FELL 33 PERCENT

In the first nine months of 2020, Turkey's auto production dropped 19% on a yearly basis due to the coronavirus pandemic, said the Automotive Manufacturers Association (OSD).

The country's automotive exports totaled some $17.4 billion this January-September, down 24% from a year ago.

In the same period, total automotive exports fell 33% to 616,120 on a unit basis annually.

Top international automakers – including Ford, Honda, Hyundai, Mercedes, Renault, and Toyota – have factories in Turkey, one of the world’s top auto sale markets.