Turkish automotive exports slips 3% to $4.9B in first 2 months, says sectoral body
Turkey’s automotive production, including light commercial vehicles, tractors, and automobiles, amounted to 222,264 million units in January-February, a sectoral report revealed on Monday.
The Automotive Manufacturers Association said the two-month figure slipped 6.5% from a year ago.
Passenger car production fell at a faster pace than the overall production with 16% to 136,882 in the same period.
The capacity utilization rate in the sector was 68% from January to February.
On the sales side, the auto market, including light trucks and other vehicles, expanded 38% compared to the same period last year, reaching 106,532 units in the first two months of this year.
Automotive industry exports slipped 3% to $4.9 billion during the same period.
The sector exported 165,467 vehicles during the two-month period.
In February, auto production decreased 9.3% on an annual basis to 116,088 units.