Mostly shut down in first four months due to coronavirus, Turkish automotive sector’s vehicle output down 28% YoY
Automakers in Turkey manufactured 352,309 vehicles including automobiles and commercial vehicles between January and April 2020, according to a sectoral report on Sunday.
Turkey’s auto production slipped 28% on a yearly basis due to factory shutdowns amid the coronavirus pandemic, said the Automotive Manufacturers’ Association.
Around 82% of manufactured vehicles were exported, marking a 33% annual decline to 286,963 units in the first four months of this year.
The country’s automotive exports totaled nearly $7.8 billion in the four-month period, down by 27% from a year ago.
Contrary to production, Turkey’s overall auto sales market surged 27% year-on-year to 155,873 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.