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.