Turkey: Automotive production down 11% in 2020

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Istanbul

Automotive production and exports in Turkey decreased by 11% and 27%, respectively, year-on-year in 2020, the country’s Automotive Manufacturers Association (OSD) said Sunday.
Last year, the automotive industry made the lion’s share of the country’s overall exports with 15%, the association said in a press release.
While total automotive production, which includes all types of vehicles, was nearly 1.3 million units, total automobile production was just 855,043, down 13% on a yearly basis.
Automotive exports totaled 916,543 units, while automobile exports were 596,616 units, down 28% over the same period.
Commercial vehicle production also narrowed in 2020, down 9% year-on-year.
Last year, the automotive industry’s exports totaled $25.9 billion, while the capacity utilization rate was 65%.
The Covid-19 pandemic, which first appeared in December 2019 in China, affected several economic activities all around the world, especially in the EU, affecting many of Turkey’s main export destinations—AA