Automobile production in Turkey decreased in the first quarter of 2025, driven by shifts in demand for vehicles used for business purposes. According to data released by the Automotive Manufacturers Association (OSD), the production volume reached 344,120 units, a decrease of 8.7% compared to the same period last year. This article examines the reasons for the decline, its impact on exports, and the potential consequences for the automotive industry.
Recently, Turkey's currency market has experienced significant turbulence, primarily driven by changes in U.S. tariff policies, particularly those stemming from actions taken by former President Donald Trump. These developments have led to substantial losses in the country's foreign exchange reserves, raising concerns among economists and business leaders alike.