Business · Economy · 7 hrs ago
Locally made vehicles rise to 34% of Turkey’s domestic market
In Turkey, locally made vehicles made up 34% of domestic vehicle sales this year, compared with 29% last year.
The figures were presented by Cengiz Eroldu, head of the country’s Automotive Industry Association.
Overall, vehicle production fell 6% in the first nine months, and total exports fell 10%, although their value in dollars rose 2.8%.
The drop in production and exports was mainly linked to passenger cars, while production and exports of light and heavy commercial vehicles increased.
Eroldu said factories slowed as they prepared production lines for new models.
The higher share of local vehicles matters to Turkey’s carmakers as they face weak demand, lower factory use and cost pressures.
Eroldu expects new investments to support production and exports in the coming months, with their impact becoming clearer next year.
Locally made vehicles accounted for 34% of Turkey’s domestic automotive market this year, up from 29% last year.
The figures were announced by Automotive Industry Association (OSD) President Cengiz Eroldu at a meeting in Istanbul last week.
The locally made share rose for cars, light commercial vehicles and trucks.
Turkey’s automotive production fell 6% in the first nine months, while total exports fell 10%.
Eroldu said new investments are expected to raise the domestic-market share of locally made vehicles further.
- Who
- Locally made vehicles and Turkey’s automotive industry.
- What
- Locally made vehicles’ share of the domestic market rose to 34%, from 29% last year.
- When
- This year; the comparison covers the first nine months for production and export figures.
- Where
- Turkey.
- Why
- Not stated
This story does not have two clearly opposing sides.
Buna karşın yatırımlarını sürdüren otomotiv sanayisinde yeni projelerin üretim ve ihracatı desteklemesi bekleniyor
Kamyon grubunun ilk 9 aylık performansı da olumlu seyretti
Locally made vehicles made up 29% of Turkey’s domestic market.
Their share rose to 34%, according to figures announced at a meeting in Istanbul last week.
Automotive production fell 6% and total exports fell 10%.
- Locally made vehicles’ market share
- 34% this year, compared with 29% last year
- Car share
- Rose from 29% to 35%
- Light commercial vehicle share
- Rose from 21% to 24%
- Truck share
- Rose from 59% to 64%
- Automotive production
- 971,000 vehicles
Sources
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