Turkish Automotive Sector Broke a Historical Record in 2023

Automotive Industry Association (OSD) announced the data for 2023. According to 2022 data, total production increased by 9 percent and reached 1 million 468 thousand 393 units.

Automobile production, which increased by 2022 percent compared to the 12-month period of 18, reached 952 thousand 667 units. With tractor production, total production increased to 1 million 525 thousand 963 units. In the commercial vehicle group, production decreased by 2023 percent in 5 and by 7 percent in the light commercial vehicle group, while it increased by 16 percent in the heavy commercial vehicle group. Compared to 2022, the commercial vehicle market increased by 35 percent, the heavy commercial vehicle market increased by 17 percent, and the light commercial vehicle market increased by 39 percent.

In 2023, compared to the previous year, total automotive exports increased by 5 percent on a unit basis, while the increase in automobile exports was 16 percent. During this period, total exports were 1 million 18 thousand 247 units and automobile exports were 663 thousand 90 units. In the 2023-month period of 12, the total market increased by 2022 percent compared to the same period of 55, closing at 1 million 283 thousand 952 units. During this period, the automobile market also increased by 63 percent and reached 967 thousand 341 units.

Automotive Industry Association (OSD), which is the umbrella organization of the sector with its 13 members guiding the Turkish automotive industry, announced the production and export figures and market data for 2023. Accordingly, in the 2023-month period of 12, total automotive production increased by 9 percent compared to the same period of the previous year, reaching 1 million 468 thousand 393 units. Automobile production increased by 18 percent and reached 952 thousand 667 units.

Including tractor production, total production reached 1 million 525 thousand 963 units. In 2023, commercial vehicle production decreased by 5 percent compared to the same period of the previous year, and by 7 percent in the light commercial vehicle group. In the heavy commercial vehicle group, production increased by 16 percent. During this period, the capacity utilization rate of the automotive industry was 74 percent. Capacity utilization rates on a vehicle group basis were 74 percent in light vehicles (cars + light commercial vehicles), 91 percent in the truck group, 54 percent in the bus-midibus group and 75 percent in the tractor.

Exports increased by 13 percent and reached 35,7 billion dollars

In the 2023-month period of 12, automotive exports increased by 2022 percent in terms of units compared to the same period in 5, reaching 1 million 18 thousand 247 units. During this period, automobile exports increased by 16 percent compared to the same period of the previous year, while commercial vehicle exports decreased by 11 percent. Tractor exports decreased by 2022 percent compared to 8, reaching 16 thousand 752 units.

happened. According to the data of the Turkish Exporters Assembly, total automotive industry exports maintained its top place in the sectoral export rankings with 2023 percent in the 12-month period of 16. According to Uludağ Exporters' Associations (UIB) data, total automotive exports in 2023 increased by 2022 percent compared to the same period of 13, reaching 35,7 billion dollars. In Euro terms, it increased by 10 percent to 33 billion Euros. During this period, main industry exports increased by 16 percent and supply industry exports increased by 10 percent in dollar terms.

The total market increased by 2023 percent in 55

In the 2023-month period of 12, the total market increased by 55 percent compared to the same period of the previous year, reaching 1 million 283 thousand 952 units. During this period, the automobile market also increased by 63 percent and reached 967 thousand 341 units. Looking at the commercial vehicle market, in the 2023-month period of 12, a growth of 35 percent was achieved in the total commercial vehicle market, 17 percent in the heavy commercial vehicle market, and 39 percent in the light commercial vehicle market, compared to the same period of the previous year. In the January-December period of 2023, the share of domestic vehicles in automobile sales was 2022 percent, and the share of domestic vehicles in the light commercial vehicle market was 32 percent, compared to the same period of 46.