Smashing it in Istanbul 🏎️🇹🇷
Manufacturing output in the automotive sector registered a 1.7% rise in May
Get this automotive scoop for an exciting ride through the Turkish car scene in May 2025! 🚀
May's Hot Wheels 🌞️
Turkish automakers sped past last year's production mark, with a total of 134,205 vehicles put together – that's a swift 1.7% increase! 🏎️💨 But the passenger cars cooled off a bit, dropping by 13.1% compared to May 2024, while the commercial trucks gained some serious traction, surging by a whopping 35.5%! 🚚🔝
Raising the Bar 🏆
Turning our eyes to the five-month tally, we see total production dipped by 1.4% compared to the same period last year, hitting 598,495 units. Passenger car production wasn't too far behind, only down by 4.3%. On the brighter side, commercial vehicles made a roaring comeback with a 3.9% boost, reaching 223,312 units! 💥🔥
Market on Fire
In the bustling Turkish automotive industry, the finance sector anticipates increased profits as May 2025 brings another surge in vehicle production, with a 1.7% rise in total vehicles and a significant 35.5% increase in commercial trucks. The convention in Istanbul next year might not only cater to enthusiasts but also to financiers seeking opportunities in the booming transportation sector.
