Vehicle exports from Turkey fell 29% year on year in August, taking the year to date total down 45%.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
August revenues for the automotive sector fell to US$974m from US$1.4bn in the same month last year.
Revenues for the first eight months of the year were down to US$9.4bn from year-ago levels of US$17.3bn according to figures from the country’s Uludag Exporters’ Unions.
Turkish vehicles go to 163 countries on five continents.
France was the top customer so far this year, with purchases worth US$1.86bn, followed by Germany, Italy, Britain and Belgium.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataSeparately, the country’s Automotive Distributors’ Association (ODD) reported that domestic spending on passenger cars and light commercial vehicles dipped 3.2% in the first eight months of this year. The ODD said 337,811 passenger cars and light commercial vehicles were sold.
Passenger car sales were up 5.9% to 228,870 in the first eight months of 2009 but no data was given for the decline in LCV sales.
August passenger car sales were down 13.7% to 22,537, while light commercial vehicle sales declined 25.6% to 13,072.
