Automotive production in Turkey decreased by 11% to 1.3m units in 2020, according to data released by Turkey's Automotive Manufacturers Association (OSD). Exports in 2020 were down by 27% to 916,543 units.
Car production in 2020 was down by 13% to 855,043 units.
Turkey's commercial vehicle output also fell back in 2020, down 8% year-on-year.
Last year, Turkey's automotive industry's exports totalled $25.9 billion. However, exports of vehicles to Europe were hit by the impact of the pandemic and lower market demand.
However, the domestic market was a bright spot. Sales of passenger cars and light commercial vehicles in Turkey jumped 61.3% year-on-year in 2020 to 772,788 vehicles, according to Automotive Distributors Association (ODD) data. On a yearly basis, passenger car sales surged 57.6% in the same period to reach 610,109 units.
See also: All of Turkey's Christmases come at once as sales continue to confound
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData