Turkish vehicle production fell 29% in first half

Automotive Industry

Source: Automotive News Europe, 2020-07-13

Turkey's vehicle production dropped 29% to 518,727 in the first half, according to a statement by the Automotive Manufacturers Association (OSD) published on Sunday 12 July.

Output in June was down 5.4% from a year earlier to 103,273 units, a marked recovery from the decline of 54% in May, as the economy stirred back to life following the shock of coronavirus.

Since June, buyers of domestically-made cars have been able to finance purchases with low-interest long-term loans from state banks.

Turkish vehicle exports fell 27% to 70,813 in June, the OSD data showed, versus 60% in May.

Many factories halted operations after Turkey identified its first COVID-19 case on 11 March and production amounted to 11,164 vehicles in April and 63,145 in May.

Turkey has an annual production capacity of nearly 2m vehicles.


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