Automotive Industry Association announced data for the January-September period

osb automobile sales

The First 2023 Months of 9 in the Automotive Industry: Production and Exports Increased, the Market Grew!

Automotive Industry Association (OSD) shared data for the January-September period of 2023. Accordingly, in this period, the automotive industry grew in terms of both production, exports and market. Total automotive production increased by 12 percent to 1 million 74 thousand 155 units, automobile production increased by 21 percent to 687 thousand 817 units, total automotive exports increased by 7 percent to 733 thousand 956 units, automobile exports increased by 20 percent to 480 thousand 494 units and the total market increased by 63 percent to 894 units. increased to 663 units.

Record Increase in Automotive Production

According to the data announced by OSD, in the first nine months of 2023, total automotive production increased by 12 percent compared to the same period of the previous year, reaching 1 million 74 thousand 155 units. During this period, automobile production increased by 21 percent and reached 687 thousand 817 units. Total production, including tractor production, reached 1 million 117 thousand 620 units.

During this period, commercial vehicle production decreased by 1 percent compared to the same period of the previous year, and by 4 percent in the light commercial vehicle group. In the heavy commercial vehicle group, production increased by 26 percent.

During this period, the capacity utilization rate of the automotive industry was 72 percent. Capacity utilization rates on a vehicle group basis were 72 percent in light vehicles (cars + light commercial vehicles), 91 percent in the truck group, 51 percent in the bus-midibus group and 76 percent in the tractor.

Automotive Exports Continue to Peak

According to the data announced by OSD, in the first nine months of the year, automotive exports increased by 7 percent in terms of units compared to the same period of the previous year, reaching 733 thousand 956 units. During this period, automobile exports increased by 20 percent compared to the same period of the previous year, while commercial vehicle exports decreased by 11 percent.