Production fell by 9% year-on-year, latest data shows
Automakers in Turkiye manufactured 105,644 vehicles in February, including automobiles and commercial vehicles, according to new data released on Monday.
Production slipped by 9% on an annual basis last month, read a report by the Automotive Manufacturers Association (OSD).
Some 75% of all vehicles manufactured were exported, a 10.4% decrease year-on-year to 78,737 units.
Turkiye generated $2.6 billion from vehicle exports last month, marginally up from February 2021.
The country’s overall auto sales market narrowed by 15% on an annual basis to 52,098 units over the month, the report said.
Passenger car production fell by 9.6% to 61,544 units in February.
Top international automakers including Ford, Honda, Hyundai, Mercedes, Renault and Toyota – have factories in Turkiye, which is one of the world’s top auto sales markets.