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Turkish motor vehicle output down 1.5 percent in January-May

Thursday, 20 June 2024 14:04:48 (GMT+3)   |   Istanbul
       

In May this year, Turkey’s motor vehicle output totaled 131,956 units, down by 3.7 percent year on year and up by 34.8 percent month on month, according to the monthly statistics released by the Turkish Automotive Manufacturers’ Association (OSD). In the January-May period of the year, Turkey’s motor vehicle output totaled 606,905 units, down by 1.5 percent year on year.

In the given month, passenger car output amounted to 91,823 units, up by 1.2 percent, while commercial vehicle output totaled 40,133 units, down 13.3 percent, both on year-on-year basis. In the January-May period of the current year, passenger car output totaled 391,932 units, increasing by 1.4 percent, and commercial vehicle production amounted to 214,973 units, decreasing by 6.6 percent, both compared to the same period of 2023.

The overall production capacity utilization rate of the Turkish automotive industry was 81.7 percent in May, while the rate was 75.1 percent for the first five months of the year.


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