Turkish Automotive Production Up 20 Percent

Turkish automotive production increased 20 percent, as for the
automobile production 36 percent in H1 this year over the same period last year, according to the statement posted by the Turkish Automotive Manufacturers Association (OSD)

Turkish automotive sector boosted its production 20 percent, as for the automobile production 36 percent in H1 this year over the same period last year. The number of total automotive production became 869 thousand units, automobile production 602 thousand units, according to the statement posted by the Turkish Automotive Manufacturers Association (OSD). In the commercial vehicle group, the production decreased 6 percent, in light commercial vehicle group 7 percent; as for heavy commercial vehicle the production surged 8 percent over the same period last year. Together with tractor production the total production of the automotive sector accomplished as 894,253 units in H1 this year. The total automotive production has reached January- June months high in terms of the industry’s historical period. The total domestic market constricted 9 percent to 411 thousand units; the automobile market 10 percent to 306 thousand units in this period. The commercial vehicle market constricted 7 percent; light commercial vehicle market decreased 5 percent and heavy commercial vehicle market 22 percent  espectively in this period. The share of imported automobiles became 69 percent, decreasing 16 percent and domestic made market share increased 9 percent in H1, 2017. The light commercial vehicle market share realized as 49 percent in H1 this year. The total light commercial vehicle domestic market decreased 5 percent, domestic made ones 9 percent and imported ones 1 percent respectively in this period. According to the last decade on average, as the total market and automobile market increased 17 and 28 percent respectively, light commercial vehicle market kept its sales rate and heavy commercial vehicle market plunged 45 percent. The unit-base total automotive exports surged 29 percent, the automotive exports 48 percent in H1 this year. The number of total sector exports became 714 thousand units, the automobile exports realized in the level of 504 thousand units. The sector exports accounted for 82 percent of the total sector production. The total automotive exports based on dollar increased 22 percent, in euro-base up 26 percent. The total automotive exports became worth $14,546 billion, the automobile exports were $6,099 billion with 71 percent up. As for euro-base exports in this group became 5,635 billion with 76 percent rise. The automotive exports surged 29 percent in H12017 over the same period last year. In this period, while automobile exports skyrocketed 48 percent, the commercial vehicle exports slightly decreased 2 percent. Tractor exports also decreased 12 percent to 6,624 units in H12017 between January- June.

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