Turkey's auto production drops 2pct in Jan-May
ANKARA – Anadolu Agency
Automakers in Turkey produced 711,999 vehicles (including automobiles, light commercial vehicles, and tractors) in the first five months of 2018, according to the monthly report.
The report showed that automobile production also fell 7 percent during the same period, to reach 471,634.
Turkey's automotive exports dropped three percent to 577,820 in the first five months of 2018, compared with the same period last year.
However, the export value rose to $14.1 billion, up 18 percent during the same period, due to high level of the dollar-lira parity, it said.
The five-month average U.S. dollar/Turkish lira exchange rate this year was around 3.99, while last year one dollar traded for 3.65 liras on average.