Turkey’s automotive production this January-July increased by 37.4 percent year-on-year, according to a report released by the country’s Automotive Manufacturers Association (OSD) on Monday.
Automakers manufactured 742, 969 units in first 7 months of this year, including automobiles and commercial vehicles, state-run Anadolu news agency cited the OSD as saying, while exports in the sector climbed 16.2 percent to 59,596.
Total commercial vehicle production in January-July reached 308,779 units, Anadolu said.
Turkey’s commercial vehicle market and light commercial vehicle market contracted 3 and 5 percent, respectively, the agency said, while the heavy commercial vehicle market grew 8 percent this January-July compared to the same period last year.
Meanwhile, growth in sales of cars and light commercial vehicles (LCVs) in Turkey have failed to meet expectations in July as potential buyers experienced problems accessing credit and spending power decreased.
Sales of cars and LCVs rose by an annual 9.1 percent to 52,206 units, according to data provided by the Automotive Distributors’ Association (ODD) earlier this month. Total sales were 16.4 percent below the 10-year average.
Consumer prices in the country rose by an annual 79.6 percent in July, the fastest pace of increase since 1998.
Ahval