In the first ten months of the year, Turkey's automotive production decreased by 7% compared to the same period of the previous year. 1 million 122 thousand 567 During this period, automobile production also decreased by 5% 742 bin 303 recorded as units. Production in the commercial vehicle group experienced a more significant decline; in this context, heavy commercial vehicle production decreased by 25% and light commercial vehicle production decreased by 10%. In general, the capacity utilization rate of the automotive industry was at 69%.
Light vehicles: %70
Truck group: %72
Bus and midibus group: %51
Tractor: %63
Market Situation
In the first ten months of 2024, a general contraction was observed in the automotive market. The total market decreased by 2% compared to the same period of the previous year. 983 bin 968 The automobile market followed a similar trend to last year. 750 bin 935 There was a more significant decline in the commercial vehicle market; the total commercial vehicle market decreased by 7%, the heavy commercial vehicle market by 10% and the light commercial vehicle market by 6%.
In the January-October period of 2024, the share of domestic vehicles in automobile and light commercial vehicle sales was 29%. This situation once again revealed the importance of domestic production.
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