Vehicle production in Turkey fell by 63% in January-February compared with a year ago as the international economic crisis hit both domestic sales and exports.
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Data from Turkey’s auto industry trade organisation, the OSD, showed that vehicle production in the first two months of the year was 85,978 units, 63% down on the same period of last year. Car production was down by 56% in the period at 54,030 units.
Exports – which are mainly to the EU and account for most of Turkey’s vehicle output – fell 61.6% in January-February from a year ago, the OSD said
The OSD said last month it expected 2009 exports and production to fall 25% and domestic auto sales to shrink 20%.
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By GlobalData
