Vehicle production down but export revenue climbs
Turkey’s automot ve product on from January to September fell f ve percent on a yearly bas s, accord ng to the monthly report ssued by the Automot ve Manufacturers Assoc at on (OSD). Automakers n Turkey produced 1.2 m ll on veh cles - nclud ng automob les, l ght commerc al veh cles, and tractors - n the f rst n ne months of th s year. Automob le product on dropped 8 percent dur ng the same per od, to reach 769,464. The report showed that the Turk sh market for auto sales ( nclud ng l ght trucks and other veh cles) narrowed 26 percent annually, stand ng at 479,856 un ts between January and September. Turkey’s automot ve exports dropped one percent to 972,208 dur ng the same per od, the report revealed. However, the export value rose to $23.9 b ll on, up 13 percent year-on-year, due to exchange rate effects, t sa d. The n ne-month average USD/TRY exchange rate th s year was around 4.68 wh le last year, one dollar traded for 3.59 l ras on average.