Production falls by 13.7% year-on-year
Automakers in Turkiye manufactured 106,575 vehicles in March, including automobiles and commercial vehicles, according to data released on Monday.
Production slipped by 13.7% on an annual basis in March, according to a report by the Automotive Manufacturers Association (OSD).
Almost 79,000, or 74%, of all vehicles manufactured were exported a 17.5% decline from March 2021.
Turkiye generated more than $2.7 billion from vehicle exports last month, down from $2.9 billion during the same month of the previous year.
The country’s overall auto sales market narrowed by 31.8% on an annual basis to 68.245 units over March 2022, the report said.
Passenger car production fell by 23.9% to 57,041 units in March.
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.