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Automotive production increased by 6% and exports increased by 5% in 11 months

In the 11 months of this year, production in automotive increased by 6% and exports by 5%. In January-November 2022, automobile production increased by 2% to 717 thousand 368, while commercial vehicle production increased by 13%.

Automotive Industry Association (OSD) announced the production and export numbers and market data for the January-November period.

Accordingly, total automotive production in January-November 2022 increased by 6% compared to the same period of the previous year and reached 1 million 210 thousand 331 units. In the said period, automobile production increased by 2% to 717 thousand 368 units. Together with the tractor production, the total production reached 1 million 255 thousand 270 units.

In January-November 2022, commercial vehicle production increased by 13% compared to the same period of the previous year. In this period, production increased by 25% in the heavy commercial vehicle group and 11% in the light commercial vehicle group.

The capacity utilization rate of the automotive industry was 68%. On the basis of vehicle group, capacity utilization rates were 68% in light vehicles (cars + light commercial vehicles), 90% in the truck group, 38% in the bus-midibus group, and 65% in tractors.

Exports increased by 5% to $28.3 billion

Automotive exports increased by 5% on unit basis in January-November 2022 compared to the same period of the previous year, reaching 876 thousand 187 units.

In the said period, automobile exports increased by 0.4% and commercial vehicle exports increased by 12%. Tractor exports increased by 11% to 17 thousand 13 units.

According to the data of the Turkish Exporters Assembly (TIM), the total automotive industry exports ranked second in the sectoral exports with a 12% share in January-November 2022.

According to Uludag Exporters’ Association (UIB) data, total automotive exports in the 11 months of this year increased by 5% compared to the same period of 2021 and reached $28.3 billion. Automotive exports increased by 19% on a euro basis to €26.9 billion. In dollar terms, main industry exports increased by 3% and supply industry exports increased by 9%.

The total market amounted to 705 thousand 183 units

In the 11 months of the year, the total market remained at the level of the previous year and amounted to 705 thousand 183 units.

In the said period, the automobile market contracted by 2% to 505 thousand 886 units, while the total commercial vehicle market grew by 6%, the heavy commercial vehicle market by 19% and the light commercial vehicle market by 3%.

In January-November 2022, compared to the same period of the previous year, sales of imported light commercial vehicles decreased by 5%, while the domestic light commercial vehicle market increased by 10%. In the said period, the share of domestic vehicles in automobile sales was 38%, and the share of domestic vehicles in the light commercial vehicle market was 58%.

Source: Trthaber / Translated by Irem Yildiz

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