Turkey’s auto industry produces 735,000+ vehicles in H1

Dünya Executive - - OVERVIEW -

Automakers in Turkey produced 735,062 vehicles - including automobile­s and

commercial vehicles - in the first half of 2019, according to a sectoral report released on July 13. In the January-June period, Turkey’s auto production dropped 13 percent on a yearly basis, said the Automotive Manufactur­ers Associatio­n (OSD). The report said around 86 percent of manufactur­ed vehicles were exported, marking an 8 percent annual decline to 634,768 units. The country’s automotive exports totaled nearly $15.6 billion in the sixmonth period, down 7 percent from a year ago. The associatio­n also said Turkey’s overall auto sales market narrowed 45 percent year-on-year to 200,901 vehicles. In 2018, a total of 641,541 vehicles were sold in Turkey, with passenger cars taking a 75.8 percent share. Last year, Turkey produced nearly 1.6 million vehicles, earning $32.2 billion from exports of some 1.3 million vehicles.

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