Turkey’s automotive exports up 22 pct so far in 2017
Turkey’s automotive exports rose to 1.1 million units in the first 10 months of 2017, with a 22 percent year-on-year increase on an amount basis, mainly due to an ongoing boost in new passenger car exports, a leading sector association announced on Nov. 12.
The country exported a total of 769,000 cars in the period with a 34 percent year-on-year increase, the Automotive Manufacturers’ Association (OSD) said in a statement.
Total car production rose 27 percent in the first 10 months of the year and hit 941,404 units, according to OSD data.
Despite a slight regression in October due to base effect resulting from a dramatic increase in new passenger car models’ sales to abroad, the country continued to export almost eight of every 10 automotives produced.
It exported 118,870 of them with a 9 percent year-on-year increase in exports, the OSD data showed.