Some 73% of manufactured vehicles exported, marking 14% annual decline, says country’s Automotive Manufacturers Association
Automakers in Turkey produced 106,176 vehicles including automobiles and commercial vehicles this January, according to a sectoral report on Sunday.
Turkey’s auto production fell 3% on a yearly basis, said the Automotive Manufacturers Association.
Some 73% of the manufactured vehicles were exported, marking a 14% annual decline to 77,569 units last month.
The country’s earnings from automotive exports totaled $2.3 billion in January, down 6% from a year ago.
The association also said Turkey’s overall auto sales market grew 61% year-on-year to 45,230 vehicles in the month.
Top international automakers including Ford, Honda, Hyundai, Mercedes, Renault, and Toyota have factories in Turkey, one of the world’s top auto sale markets.