Turkish automotive exports slips 8% to $2.7B in first quarter, says sectoral body
Automotive production in Turkey, including light commercial vehicles, tractors, and automobiles, totaled 211,877 million units in the first quarter of 2021, a sectoral report revealed on Monday.
The Automotive Manufacturers Association said that in January-March, the figure had slipped by 10% from a year ago.
Passenger car production fell by 16% faster than overall production to 136,882 in the same period.
The capacity utilization rate in the sector was 70.1% from January to March.
On the sales side, the auto market, including light trucks and other vehicles, expanded by 57% compared to the same period last year, reaching 156,464 units in the first two months of 2021.
Automotive industry exports slipped 8% to $2.7 billion during the same period, with 155,457 vehicles sold.