In the first month of the year, automobile production in Turkiye increased by 48% to 70 thousand 723 units. Exports, on the other hand, increased by 46% to 51,122 units.
Automotive Industry Association (OSD) announced the production and export numbers and market data for January 2023.
Accordingly, total production in January increased by 24% compared to the same month of the previous year and reached 111 thousand 837 units, while automobile production increased by 48% to 70 thousand 723 units. Together with the tractor production, the total production reached 116,730 units.
Production data
According to the statement, commercial vehicle production in the first month of the year decreased by 4% compared to the same month of the previous year.
While production in the heavy commercial vehicle group increased by 56% in January, the production in the light commercial vehicle group decreased by 8%. In this period, while the production of commercial vehicles carrying cargo and passengers decreased by 4%, tractor production increased by 36% to 4,893 units.
Looking at the market, the commercial vehicle market grew by 51%, the light commercial vehicle market by 49% and the heavy commercial vehicle market by 62% compared to January 2022.
The market is above 10-year averages
In January, the total market increased by 35% compared to the same period of the previous year and amounted to 53 thousand 509 units. In January, the automobile market grew by 29% and reached 37 thousand 288 units. Looking at the averages of the last 10 years, in January 2022, the total market increased by 55%, the automobile market by 51%, the light commercial vehicle market by 67% and the heavy commercial vehicle market by 67%. In January, the share of domestic vehicles in the automobile market was 31%, while the share of domestic vehicles in the light commercial vehicle market was 44%.
17% increase in total exports
According to the data, automotive exports in January increased by 17% on unit basis compared to the same month of 2022 and amounted to 79 thousand 381 units. Automobile exports, on the other hand, increased by 46% to 51,122 units. In the same period, tractor exports increased by 25% and were recorded as 1,718 units. According to the Turkish Exporters Assembly (TIM) data, automotive industry exports ranked first with a 14% share in total exports in January.
$2.8 billion of exports were made
In January, compared to the same month of the previous year, total automotive exports increased by 23% in dollar terms and 29% in euro terms. In this period, total automotive exports amounted to $2.8 billion, while automobile exports increased by 40% to $874 million. Automobile exports on a Euro basis increased by 48% to $811 million.
In the same period, exports of the main industry increased by 26% in dollar terms, while exports of the supply industry increased by 20%.
Source: Trthaber / Prepared by Irem Yildiz