Automotive Industry Association Announced January-November 2022 Data

Automotive Industry Association Announces January-November Data
Automotive Industry Association Announced January-November 2022 Data

Automotive Industry Association (OSD), which is the umbrella organization of the sector with its 13 members that steer the Turkish automotive industry, has announced the production and export numbers and market data for the January-November period. Accordingly, in the first 11 months of the year, total automotive production increased by 6 percent compared to the same period of the previous year and reached 1 million 210 thousand 331 units. Automobile production, on the other hand, increased by 2 percent to 717 thousand 368 units. Together with the tractor production, the total production reached 1 million 255 thousand 270 units. In the January-November period, commercial vehicle production increased by 13 percent compared to the same period of the previous year. In this period, the production in the heavy commercial vehicle group increased by 25 percent, while the production in the light commercial vehicle group increased by 11 percent. During this period, the capacity utilization rate of the automotive industry was 68 percent. On the basis of vehicle group, capacity utilization rates were 68 percent in light vehicles (cars + light commercial vehicles), 90 percent in the truck group, 38 percent in the bus-midibus group, and 65 percent in tractors.

“Exports increased by 5 percent and reached 28,3 billion dollars!”

In the January-November period, automotive exports increased by 5 percent on a unit basis compared to the same period of the previous year and amounted to 876 thousand 187 units. In this period, automobile exports increased by 0.4 percent compared to the same period of the previous year, while commercial vehicle exports increased by 12 percent. Tractor exports, on the other hand, increased by 2021 percent compared to 11 and amounted to 17 thousand 13 units. According to the data of the Turkish Exporters Assembly, the total automotive industry exports ranked second in the sectoral export ranking with a 2022 percent share in the January-November period of 12. According to Uludag Exporters' Association (UIB) data, total automotive exports in the January-November period increased by 2021 percent compared to 5 and reached 28,3 billion dollars. In euro terms, it increased by 19 percent to 26,9 billion euros. In this period, exports of the main industry increased by 3 percent in dollar terms, and exports of the supply industry increased by 9 percent.

“Total market amounted to 705 thousand 183 units!”

In the first 11 months of the year, the total market remained at the same level compared to the previous year and amounted to 705 thousand 183 units. In this period, the automobile market also contracted by 2 percent and amounted to 505 thousand 886 units. Looking at the commercial vehicle market, the total commercial vehicle market grew by 6 percent, the heavy commercial vehicle market by 19 percent, and the light commercial vehicle market by 3 percent in the January-November period compared to the same period of the previous year. In the January-November period of 2022, compared to the same period of the previous year, sales of imported light commercial vehicles decreased by 5 percent, while domestic light commercial vehicles increased by 10 percent. In this period, the share of domestic vehicles in automobile sales was 38 percent, and the share of domestic vehicles in the light commercial vehicle market was 58 percent.

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