Business

Turkish auto industry makes over 90,500 vehicles in January

Figure decreases by 14.7% from January 2021, sectoral report from manufacturers association reveals

Automakers in Turkiye produced 90,520 vehicles in January, including automobiles and commercial vehicles, according to a sectoral report released on Monday.

Last month’s figure fell by 14.7% year-on-year, a report from the Automotive Manufacturers Association (OSD) showed.

Turkiye’s passenger car production fell 30.5% to 47,778 units during this period.

Over 75% of manufactured vehicles were exported in January, an annual drop of 12.6% to 67,799 units.

Taking the lion’s share in the country’s total exports last month, automotive exports reached $2.2 billion, decreasing 5.7% on a dollar basis compared to January 2021.

The association also said the country’s overall auto sales market, including light trucks and other vehicles, shrank by 12.4% year-on-year to 39,692 units over the month.

Top international automakers including Ford, Honda, Hyundai, Mercedes, Renault, and Toyota have factories in Turkey, one of the world’s top auto sales markets.

Source
AA

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