Business

Turkey: Auto production down 19% in Jan-Sept

Country’s automotive industry exported 616,120 vehicles in first 9 months, says auto manufacturers association

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.

In the first nine months of 2020, Turkey’s auto production dropped 19% on a yearly basis due to the COVID-19 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.

Automotive production in Turkey this August surged 44% year-on-year.

Source
Anadolu Agency

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