Türkiye's automotive production falls for 8th straight month

Türkiye's automotive production falls for 8th straight month

Turkish automakers produced nearly 122,000 vehicles last month, according to sector report

By Tuba Ongun

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, data from the Automotive Manufacturers Association (OSD) showed.

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

Automotive exports, including cars and commercial vehicles, declined at a slower pace 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% at an annualized pace, 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 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.

Kaynak:Source of News

This news has been read 50 times in total

ADD A COMMENT to TO THE NEWS
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
Previous and Next News