Auto industry experiences slowdown in September

The ongoing global financial turmoil affected the Turkish automotive industry negatively in September, with a decrease in demand compared to the same month last year, signaling a slowdown in the sector.

According to data released by the Automobile Manufacturers’ Association (OSD) yesterday, the Turkish automotive sector’s market share decreased by 2.2 percent and production decreased by 1.3 percent in September compared to the same period last year. A total of 27,053 automobiles were sold last month, a 2.2 percent decrease from the same period last year.
Total production, however, increased by 12.9 percent in the first six months of the year over the same period last year. Total vehicle sales decreased by 6 percent in the same period, while dropping by 2 percent in September. Passenger automobile production decreased by 1.3 percent while sales decreased by 2.2 percent. Overall, vehicle exports increased by 16.8 percent in September, while automobile exports increased by 21.7 percent to 48,082.

Basic industry exports increased by 41 percent while vehicle exports increased by 30 percent in June-September 2008 over the same period last year. Vehicle production increased by 23 percent in the first nine months of 2008, when compared to the same period in 2007.

Source : http://www.todayszaman.com

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