According to statistics released by the Automotive Manufacturers’ Association (OSD), vehicle production in Turkey was up 10.5% to 997,069 units in the first 11 months of 2007.
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However, the increase was driven by higher exports with the local market declining over the same period.
Total vehicle exports in the first 11 months of 2007 reached 747,334 units, representing a 19% gain on last year.
Overall passenger car production was up 15.7% to 578,892 units in the period.
Vehicle sales in Turkey declined by 8.9% to 534,274 units with passenger car sales off 10% on last year’s pace to 295,720 units. Imports shrank more than sales of domestically made vehicles and the share of imported vehicles in total sales was held up at 56.3%.
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By GlobalDataFord was the top exporter by volume with 205,024 units in the first 11 months of last year, followed by Oyak-Renault (185,591 units) and Toyota (142,771 units).
The Turkish vehicle market has suffered from economic uncertainties and a rise in domestic political tensions. Economic growth slowed in 2007 and the Turkish economy is said to be vulnerable to sharp changes in investor sentiment.
