HomeWorldTurkish automakers face 8-month decline amid output drop

Turkish automakers face 8-month decline amid output drop

Date:

Related stories

spot_imgspot_img

Türkiye’s automotive production dropped 10.4% year-on-year in October, marking the 8th consecutive month of decline, according to a sector report released on Monday.

Turkish automakers produced a total of 121,970 vehicles last month, according to data from the Automotive Manufacturers Association (OSD).

Passenger car production fell by 7% from a year ago to 85,155 units in October.

Automotive exports, including cars and commercial vehicles, declined slower than production, down 1.4% to 96,744 units during the same period.

Türkiye’s vehicle exports generated $3.5 billion in October, rising 12.6% from the last year.

The domestic auto market shrank by 4.6% annually, with total sales falling to 100,378 units.

Major international automakers such as Ford, Honda, Hyundai, Mercedes, Renault and Toyota operate factories in Türkiye, a significant global auto market.

In January-October, Türkiye’s vehicle production decreased by 7.3% compared to the previous year, totaling over 1.1 million units.

Passenger car production fell 4.3% to 742,303 units for the same period.

The Daily Sabah Newsletter

Keep up to date with what’s happening in Turkey,
it’s region and the world.


You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img