“January-July” data of the automotive market has been announced




The new dynamics of the table, which is periodically shared by the Automotive Industry Association, points to an increase compared to the previous year.

The umbrella organization of the industry Automotive Industry Associationannounced the production and export numbers and market data for the January-July period. Accordingly, total automotive production in the seven months of the year increased by 11 percent compared to the same period of the previous year and reached 705 thousand 79 units, while automobile production increased by 2 percent to 449 thousand 550 units. Together with the tractor production, the total production was 738 thousand 329 units. During this period, the capacity utilization rate of the automotive industry was 62 percent. It was announced that the capacity utilization rates on the basis of vehicle group were 61 percent in light commercial vehicles (cars + light commercial vehicles), 58 percent in heavy commercial vehicles and 76 percent in tractors.

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Automotive market is above the 10-year average

In the January-July period, commercial vehicle production increased by 30 percent compared to the same period of the previous year. In this period, while the production in the heavy commercial vehicle group increased by 56 percent, the production in the light commercial vehicle group increased by 28 percent. In the first seven months of the year, the total commercial vehicle production was 255 thousand 529 units. Looking at the market, the commercial vehicle market increased by 95 percent, the light commercial vehicle market by 40 percent and the heavy commercial vehicle market by 112 percent in the January-July 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 31 percent and the bus and midibus market by 31 percent compared to 2015.

In the period covering the first seven months of the year, the total market increased by 31 percent compared to the previous year and amounted to 461 thousand 730 units. In this period, The automobile market also increased by 27 percent. and 346 thousand 636 units. Considering the averages of the last 10 years, the total market increased by 6.4 percent and the automobile market increased by 10 percent in the January-July 2021 period. While the heavy commercial vehicle market decreased by 4 percent, the light commercial vehicle market was 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.

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Parallel to the table, the increase in exports draws attention.

In the January-July period, automotive exports increased by 27 percent on unit basis compared to the same period of the previous year, and amounted to 512 thousand 320 units. Automobile exports, on the other hand, decreased by 3 percent to 322 thousand 874 units. According to the data of the Turkish Exporters Assembly (TIM), the automotive industry exports maintained its first place with a share of 13.5 percent in total exports in the January-July period.
Exports increased by 27 percent in dollar terms and reached 16.7 billion dollars.

In the January-July period, compared to the same period of the previous year, total automotive exports increased by 27 percent in dollar terms and 17 percent in euro terms. In this period, total automotive exports amounted to 16.7 billion dollars, while automobile exports increased by 7 percent to 5.4 billion dollars. On a Euro basis, automobile exports decreased by 1 percent to 4.5 billion Euros. In the first seven months of the year, exports of the main industry increased by 18 percent in dollar terms, while exports of the supply industry increased by 42 percent.

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