Automotive Production and Exports Decline in the First Two Months of the New Year

Automotive Production and Exports Decline in the First Two Months of the New Year
Automotive Production and Exports Decline in the First Two Months of the New Year

Automotive Industry Association (OSD) announced the data for the January-February period. In this period, total production decreased by 12 percent compared to the same period of the previous year to 196 thousand 194 units, while automobile production decreased by 20 percent to 109 thousand 322 units. Together with the tractor production, the total production reached 204 thousand 72 units. In the same period, automotive exports decreased by 11 percent to 146 thousand 627 units, while automobile exports decreased by 13 percent to 85 thousand 682 units.

Automotive Industry Association (OSD), which is the umbrella organization of the sector with its 13 largest members that steer the Turkish automotive industry, has announced the production and export numbers and market data for the January-February period. In the period covering the first two months of the year, total automotive production decreased by 12 percent compared to the same period of the previous year to 196 thousand 194 units, while automobile production decreased by 20 percent to 109 thousand 322 units. Together with the tractor production, the total production reached 204 thousand 72 units.

Looking at the data on a monthly basis, the production of the automotive industry in February decreased by 9 percent compared to the same month of the previous year and became 105 thousand 644 units, while automobile production decreased by 9,6 percent to 61 thousand 544 units in the same period. In the January-February period, the capacity utilization rate of the automotive industry was 61 percent. Capacity utilization rates on the basis of vehicle groups were 61 percent in light vehicles (cars + light commercial vehicles), 66 percent in the truck group, 20 percent in the bus-midibus group, and 63 percent in the tractor.

Commercial vehicle production increased by 2 percent!

In the January-February period, commercial vehicle production increased by 2 percent compared to the same period of the previous year. In this period, while the production in the heavy commercial vehicle group increased by 4 percent, the production in the light commercial vehicle group increased by 2 percent. In the same period, the production of commercial vehicles carrying cargo and passengers was 86 thousand 842 units, and the production of tractors was 7 thousand 908 units. Looking at the market, the commercial vehicle market decreased by 5 percent, the light commercial vehicle market by 5 percent and the heavy commercial vehicle market by 8 percent in the January-February period compared to the same period of the previous year.

The share of domestic vehicles in the light commercial vehicle market was 64 percent!

In the January-February period, the total market decreased by 14 percent compared to the previous year and amounted to 91 thousand 839 units. In this period, the automobile market decreased by 17 percent and amounted to 66 thousand 661 units. Considering the averages of the last 10 years, the total market increased by 12 percent, the automobile market by 14 percent, the light commercial vehicle market by 10 percent and the heavy commercial vehicle market by 4 percent in the January-February period. In this period, the share of domestic vehicles in automobile sales was 37 percent, while the domestic share in the light commercial vehicle market was 64 percent.

Exports decreased by 11 percent in January-February!

In the period covering the first two months of the year, automotive exports decreased by 11 percent on unit basis compared to the same period of the previous year, and amounted to 146 thousand 627 units. Automobile exports, on the other hand, decreased by 13 percent to 85 thousand 682 units. In the same period, tractor exports increased by 35 percent and were recorded as 3 thousand 112 units. According to the data of the Turkish Exporters Assembly (TIM), automotive industry exports maintained its first place with a 13 percent share in total exports in the January-February period.

Total exports reached 4,8 billion dollars!

In the January-February period, compared to the same period of the previous year, total automotive exports decreased by nearly 1 percent in dollar terms and increased by 6 percent in euro terms. In this period, total automotive exports amounted to 4,8 billion dollars, while automobile exports decreased by 14 percent to 1,4 billion dollars. In Euro terms, automobile exports decreased by 7 percent to 1,3 billion Euros. In the January-February period, exports of the main industry decreased by 7 percent in dollar terms, while exports of the supply industry increased by 10 percent.

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