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FinancialNews
09-06-20
Turkey's automobile production surpasses 415,000
(MENAFN)
Automakers in Turkey manufactured 415,454 vehicles, such as automobiles, light commercial vehicles, and tractors, in the period between January and May, according to a report released on Monday, June 8th.
In the first five months of 2020, Turkey's auto production fell 35 percent on an annual basis due to the coronavirus pandemic, stated the Automotive Manufacturers Association.
The report said almost 80 percent of produced vehicles were exported, marking a 38 percent annual decline to 331,391 units as most of the country's export markets conducted coronavirus-related lockdown measures.
The country's automotive ships totaled some 9 billion U.S. dollars in the five-month period, down 33 percent from the previous year.
The association also asserted that the country's overall auto sales market increased 20 percent year-on-year to 189,118 vehicles in January-May.
MENAFN0906202000450000ID1100293992
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