Turkey's auto output up 6% year on year in 2022 despite continuing chip shortage

Turkey’s automotive output totaled 1,352,648 vehicles in 2022, up by 1.63% from 1,276,740 vehicles in 2021, the Turkish Automotive Manufacturers Association (OSD) said this week, but the country's steel industry appears not to have benefited, with annual output down year on year.

But market participants told Fastmarkets the increase was mostly due to the fact that vehicle output fell significantly in 2021, due to the global semiconductor shortage.

Several major auto manufacturers...

Published

Serife Durmus

January 18, 2023

14:05 GMT

Bursa