Published On: Sat, Oct 25th, 2014

Turkey: Production of motor vehicles goes up by 4 percent year-on-year (y-o-y) in September




TURKEY-AUTOMOTIVETurkey’s production of motor vehicles rose by 4 percent year-on-year (y-o-y) in September, according to the data by the Automotive Manufacturers’ Association (OSD). A manufacturing hub for global auto makers, the country has also seen its exports of automotive products increase by 8 percent within the same month, as the EU market, Turkey’s primary export destination, slowly recovers.



The passenger vehicle production went up by 11 percent y-o-y in September, as 72,120 automobiles were produced, including 54,221 destined for export markets. Out of the total production volume of 835,782 motor vehicles in the first 9 months of the year, 531,492 were passenger vehicles and the rest were vans, buses, trucks and other types of commercial vehicles. The total automotive exports in the period of January-September registered an increase of 6 percent as 653,084 motor vehicles of every sort reached overseas markets.

The Turkish automotive industry earned USD 21.5 billion from exports in 2013 with shipments from Ford, Fiat, Hyundai, Renault, Toyota, Honda and other carmakers’ plants having reached the world markets.

SOURCE: MEDIA

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