Home » Turkish auto business’s manufacturing, exports down in February

Turkish auto business’s manufacturing, exports down in February

Automakers in Turkey manufactured 105,644 autos in February, together with cars and business autos, in keeping with new knowledge launched on Monday.

Manufacturing slipped by 9% on an annual foundation final month, learn a report by the Automotive Producers Affiliation (OSD).

Some 75% of all autos manufactured have been exported, a ten.4% lower year-over-year to 78,737 items.

Turkey generated $2.6 billion (TL 38.38 billion) from car exports final month, marginally up from February 2021.

Complete gross sales of the sector within the first two months of the yr, in the meantime, additionally decreased by 14% in comparison with the identical interval of 2021 and amounted to 91,839 items. Vehicle gross sales, however, decreased by 17% to 66,661 items in the identical interval.

The share of imports within the car market was 63%. The share of imports within the mild business car (minibusses and pickup vans) market was 36%.

Within the January-February interval of this yr, in comparison with the identical interval of the earlier yr, complete mild business car gross sales elevated by 5%, home mild business autos elevated by 7%, whereas imported mild business car gross sales decreased by 21%.

In keeping with the averages of the final 10 years, within the January-February interval of 2022, the entire market grew by 12%, the car market by 14%, the sunshine business car market by 10% and the heavy business car market by 4%.

Prime worldwide automakers – together with Ford, Honda, Hyundai, Mercedes, Renault and Toyota – have factories in Turkey, which is likely one of the world’s high auto gross sales markets.

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