Global Analysis from the European Perspective. Preparing for the world of tomorrow

Honda’s Turkey plant closure takes place in collapsing market

Honda is closing its factory in Turkey as the country’s new-car sales collapse.

Vehicle sales in Turkey dropped 35 percent last year to 612,607 as the value of the local currency fell, figures from JATO Dynamics show. Honda’s sales bucked the trend by rising 8.5 percent due to the popularity of the locally made Civic sedan, Turkey’s fourth best-selling car last year.

Source: Autonews

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