Vehicle production continues to grow rapidly in Turkey. According to local trade body OSD, total vehicle production in the first half reached 708,962 units, 32% above the same period last year.
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However, OSD noted that unfavourable market conditions – at home and abroad – caused the annual rate of growth to slow to just 13% in the month of June.
First half exports were up by 55% to 557,533 units with commercial vehicles performing particularly strongly (up 49% to 333,119 units).
Oyak-Renault was the biggest volume exporter in the first half (141,382 units, up 59%) followed by Ford Otosan (141,382 units, up 27%). Tofas (Fiat’s partner) more than doubled its volume on last year to 132,784 units.
Istanbul-based analysts TSKB Research noted that Ford has lowered its Turkey market outlook for this year based on domestic political and economic uncertainties.
OSD data also showed that Turkish passenger car sales are 18% up in the first half at 164,445 units, but the month of June showed a 5% decline on last year.
