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Turkey’s auto manufacturing, exports hit all-time record

by ChemOrbis Editorial Team -
  • 07/01/2016 (18:05)
According to media reports, data from Turkey’s Automotive Manufacturers Association (OSD) showed that the country’s automotive manufacturing was up 16% in 2015 to reach 1.36 million units, an all-time record. Automotive exports also climbed 12% to reach 992,000 units, another all-time record for the industry.

The increase was attributed to higher investments and the recent demand growth in Europe, the major export destination for Turkish automobiles. In the past five years, the automotive manufacturing capacity of Turkey increased to 1.7 million units from 1.5 million units and it is expected to reach 1.9 million units this year owing to new investments.

Meanwhile, Turkey’s auto sales including heavy commercial vehicles surged 30% from a year earlier to reach to 848,000 units in the first eleven months of 2015.
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