WorldTurkey's automotive production increased by 23 percent in the first half of...

Turkey’s automotive production increased by 23 percent in the first half of the year


Turkeyof automotive productionIn the first half of the year, 639 thousand 661 units increased by 23 percent compared to the same period of the previous year.

Automotive Industry Association‘Why (OSDIn the statement made, production and export numbers and market data for the period of January-June 2021 were shared.

Accordingly, in the first half of the year, total automotive production increased by 23 percent compared to the same period of the previous year and reached 639 thousand 661 units, while automobile production increased by 15 percent to 416 thousand 21 units. Together with the tractor production, the total production was 669 thousand 409 units.

In the same period, the capacity utilization rate of the automotive industry was 65 percent. On the basis of vehicle group, capacity utilization rates were 65% in light vehicles (cars + light commercial vehicles), 60% in heavy commercial vehicles and 79 percent in tractors.

In the January-June period, commercial vehicle production increased by 43 percent compared to the same period of the previous year. In this period, the production in the heavy commercial vehicle group increased by 74 percent, while the production in the light commercial vehicle group increased by 40 percent.

In the first half of the year, total commercial vehicle production amounted to 223 thousand 640 units. Looking at the market, the commercial vehicle market increased by 74 percent, the light commercial vehicle market by 67 percent and the heavy commercial vehicle market by 121 percent in the January-June period compared to the same period of the previous year. Despite the increase in the heavy commercial vehicle group compared to the previous year, when the base effect is taken into account, the truck market shrank by 30 percent and the bus and midibus market by 66 percent compared to 2015.

The market exceeded the 10-year averages by 12 percent.

In the period covering the first half of the year, the total market increased by 57 percent compared to the previous year and amounted to 411 thousand 952 units. In the same period, the automobile market also increased by 52 percent and amounted to 310 thousand 325 units. Considering the averages of the last 10 years, the total market increased by 12 percent and the automobile market increased by 17 percent in the January-June 2021 period.

The heavy commercial vehicle market and the light commercial vehicle market were in line with the average of the last ten years. In this period, the share of domestic vehicles in automobile sales was 40 percent, while the share of domestic vehicles in the light commercial vehicle market was 53 percent.

In the first 6 months of the year, automotive exports increased by 15 percent on the basis of units compared to the same period of the previous year, and amounted to 461 thousand 528 units. Automobile exports increased by 6 percent to 297 thousand 127 units. In the same period, tractor exports increased by 86 percent and were recorded as 11 thousand 387 units.

According to the data of the Turkish Exporters’ Assembly (TIM), the automotive industry exports maintained its first rank with a share of 13.7 percent in total exports in the January-June period. 14.7 billion dollars export was made in 6 months

In the January-June period, compared to the same period of the previous year, total automotive exports increased by 34 percent in dollar terms and 23 percent in euro terms. In this period, total automotive exports amounted to 14.7 billion dollars, while automobile exports increased by 14 percent to 4.8 billion dollars.

On a Euro basis, automobile exports increased by 4 percent to 4 billion Euros.

In the first six months of the year, exports of the main industry increased by 24 percent in dollar terms, while exports of the supply industry increased by 51 percent.

. (HAS) . ..

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