Automotive Market Increased 33 Percent

9Turkish automotive market boosted 33 percent in the first two months this year, increase in automobile market was 27 percent; the total exports showed 1 percent rise in this period

Turkish automotive market increased 33 percent to the number of 95 thousand units in the period of January￾February this year compared to the same period last year. The automobile market increased 27 percent to 65 thousand units in this period. The sales of imported automobile increased 21 percent, domestic made automobiles 45 percent, in the first two months this year. The share of imported vehicles became 72 percent in this period.

The light commercial vehicle market increased 52 percent to 25 thousand units in the first two months this year. The sales of domestic made light commercial vehicles became 78 percent, imported ones were 28 percent. The share of total imported vehicles was 42 percent. The heavy commercial vehicle market surged 34 percent to 5,153 units in the said period year on year. But the truck market increased 48 percent to 4,537 units with regard to the construction sector’s growth in this period over last year. Bus market raised 29 percent to 227 units, year on year. The total market in last decade on average increased 28.5 percent, automobile market 38.6 percent, light commercial vehicle market 9.3 percent respectively. The truck market increased 25 percent; bus market decreased 14.3 percent in the last decade averagely.

The import market share in automobile was 73 percent in February 2015. As for imported light commercial vehicle market became 42 percent in February 2015

Export

This year in the first two months, the total automotive exports increased 32 percent, as for automobile exports 21 percent over the same period last year. The number of total exports of the sector was 160 thousand units; automobile exports were 99 thousand units. The commercial vehicle exports surged 58 percent to 60 thousand units, tractor exports 17 percent to 2,573 units in February. The industry exports increased 1 percent to $3,5 billion according to the Automotive Industry Exporters’ Association.

Production

The total production expanded 34 percent, automobile production 19 percent to 126 thousand units in the first two month this year compared to the same period last year, bus production 15 percent; small truck increased 16 percent, midibus decreased 11 percent. In this period total of 212 thousand vehicles were produced; 75 percent of the total production was exported accounting for 160 thousand vehicles. In the two first months, tractor production increased 12 percent to 7,971 units.