Turkish auto production up 5% this January-July

ANKARA

Türkiye's automotive production this January-July rose 5% compared to the same period last year, according to a report released by the country’s Automotive Manufacturers Association (OSD) on Monday.

A total of 742,969 vehicles in the first seven months were manufactured, including automobiles and commercial vehicles, according to the new data.

During this period, the auto industry’s capacity utilization rate was 66%.

Broken down by vehicle group, the capacity utilization rates were 66% in light vehicles (cars + light commercial vehicles), 84% in the truck group, 33% in the bus-midibus group, and 62% in tractors.

In January-July, total commercial vehicle production reached 308,779 units.

Meanwhile, the commercial vehicle market contracted 3% and the light commercial vehicle market shrank 5%, while the heavy commercial vehicle market grew 8% this January-July compared to the same period last year.