Decline in Sales and Exports of Cars From TurkeyIndustry | July 15, 2019, Monday // 07:34| views
More than 735,000 cars were produced in Turkey in the first half of 2019, according to the state of the industry report, quoted by Econ.bg
In the period January-June, car production in Turkey dropped 13 percent year-on-year, the Automobile Manufacturers Association said. The report says that about 86% of the produced cars were exported, which is down by 8% on an annual basis to 634,768 units.
The country's car exports reached nearly $ 15.6 billion in the six-month period, down 7% from the previous year.
The association also said the total car market in Turkey has dropped by 45% annually to 200,901 vehicles.
Leading international car makers - including Ford, Honda, Hyundai, Toyota, Mercedes and Renault - have factories in Turkey, which is one of the best car sales markets in the world.
In total, 641,541 vehicles were sold in Turkey, with passenger cars accounting for 75.8%.