Turkish auto industry produced over 106K vehicles in March
AUTOMOTİVE

Turkish auto industry produced over 106K vehicles in March

Production falls by 13.7% year-on-year

News Service AA

Automakers in Turkey 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.

Turkey 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 Turkey, which is one of the world’s top auto sales markets.

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