Technology

Turkey’s 6-month automotive production and export scorecard announced

(mtag101702)

(mtag101702)

Automotive Industry Association (OSD), January-June shared Turkey’s production and export information regarding the period. According to the announced report, total automotive production in the first half of the year compared to the same period of the previous year. 23 percent increase by showing 639 thousand 661 units

Upgraded to . If car production 15 percent increasela 416 thousand 21 units reached.

Total production with tractor production 669 thousand 409 units; capacity utilization rate of the automotive industry 65 percent. Capacity utilization rate in light vehicles 65 percent

While ; in heavy commercial vehicles 60 percent, on tractors 79 percent level is seen.

Turkey’s last 6 months automotive scorecard

Compared to the same period of the previous year, vehicle production increased by 43 percent in the January-June period. In this period, the heavy commercial vehicle cluster increased by 74 percent in production; Production in light commercial vehicles increased by 40 percent. Total commercial vehicle production in the first 6 months was recorded as 223 thousand 640 units.

Compared to the previous year, 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.

Automotive branch maintains its leadership in exports

According to the research report based on the first 6 months of 2021, the automotive market increased by 57 percent compared to the previous year and amounted to 411 thousand 952 units. In this period, the car market also increased by 52 percent and reached 310 thousand 325 units. Considering the averages of the last 10 years, the total market increased by 12 percent and the car market 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 car sales was 40 percent, while the share of domestic vehicles in the light commercial vehicle market was 53 percent.

In the first six months of the year, automotive exports increased by 15 percent on a unit basis compared to the same period of the previous year and amounted to 461 thousand 528 units. Car 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 information of the Turkish Exporters Assembly (TIM), automotive industry exports maintained its first place with a share of 13.7 percent from total exports in the January-June period.

14.7 billion dollars of export was realized in the January-June period

Automotive exports increased by 34 percent in dollar terms in this 6-month period compared to last year. On the Euro basis, this rate was 23 percent. While total automotive exports amounted to 14.7 billion dollars; car exports, on the other hand, increased by 14 percent and reached the level of 4.8 billion dollars. 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.

Source:Shiftdelete

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