Automotive production increased by 23 percent and exports increased by 18 percent!

Automotive production increased by 23 percent and exports increased by 18 percent!

14 June 2021 0 By administrator


Monday, June 14, 2021 – 10:33 | Last Updated : 14 06 2021 – 10:33

Automotive production increased by 28 percent compared to the same period of the previous year and reached 532 thousand 441 units, while automobile production increased by 23 percent to 353 thousand 580 units.

Automotive Industry Association (OSD) announced the production and export numbers and market data for the January-May period. Accordingly, in the first five months of the year, total automotive production increased by 28 percent compared to the same period of the previous year and reached 532 thousand 441 units, while automobile production increased by 23 percent to 353 thousand 580 units. Together with the tractor production, the total production was 556 thousand 513 units. During this 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 77% in tractors.
Commercial vehicle production increased by 40 percent

In the January-May period, commercial vehicle production increased by 40 percent compared to the same period of the previous year. In this period, the production in the heavy commercial vehicle group increased by 86 percent, while the production in the light commercial vehicle group increased by 37 percent. In the same period, total commercial vehicle production amounted to 178 thousand 861 units. Looking at the market, the commercial vehicle market increased by 90 percent, the light commercial vehicle market by 83 percent and the heavy commercial vehicle market by 130 percent in the January-May 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 32 percent, the bus market by 52 percent and the midibus market by 75 percent compared to 2015.

12 percent above 10-year averages

In the January-May period, the total market increased by 74 percent compared to the previous year and amounted to 328 thousand 679 units. In this period, the automobile market increased by 69 percent and reached 247 thousand 977 units. Considering the averages of the last 10 years, the total market increased by 12 percent and the automobile market by 18 percent in the January-May 2021 period; The light commercial vehicle market decreased by 24 percent and the heavy commercial vehicle market by 1.6 percent. 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.

Exports increased by 18 percent in January-May

In the period covering the first five months of the year, automotive exports increased by 18 percent on a unit basis compared to the same period of the previous year and amounted to 391 thousand 70 units. Automobile exports increased by 10 percent to 256 thousand 621 units. In the same period, tractor exports increased by 106 percent and were recorded as 9,700 units. According to the data of the Turkish Exporters Assembly (TI·M), automotive industry exports maintained its first place with a 14 percent share in total exports in the January-May period.