In the first six months of this year, total automotive production increased by 13% compared to the same period of the previous year and reached 735 thousand 231, while automobile production reached 462 thousand 401 with an increase of 21%.
Automotive Industry Association (OSD), which is the umbrella organization of the sector with its 13 members that steer the Turkish automotive industry, has announced the production and export data for the January-June 2023 period.
Accordingly, in the first 6 months of the year, total automotive production increased by 13% compared to the same period of the previous year and reached 735 thousand 231 units. Automobile production increased by 21% to 462 thousand 401 units. Together with the tractor production, the total production reached 765 thousand 282 units.
In the first 6 months of the year, commercial vehicle production increased by 2% compared to the same period of the previous year. In this period, production in the heavy commercial vehicle group increased by 23%, while the production in the light commercial vehicle group remained in line with the same period of the previous year.
Capacity utilization rate was 74%
During this period, the capacity utilization rate of the automotive industry was 74%.
On the basis of vehicle group, the capacity utilization rates were 74% in light vehicles (cars + light commercial vehicles), 91% in the truck group, 48% in the bus-midibus group and 81% in the tractor.
Exports increased by 15% to $17.7 billion
In the first 6 months of the year, automotive exports increased by 8% on unit basis compared to the same period of the previous year and amounted to 505 thousand 926. In this period, automobile exports increased by 20% compared to the same period of the previous year, while commercial vehicle exports decreased by 8%. Tractor exports increased by 15% compared to the same period of 2022 and reached 10,195 units.
According to the data of the Turkish Exporters Assembly, the total automotive industry exports maintained its top position in the sectoral export ranking with 16% in the first 6 months of 2023. According to Uludag Exporters’ Association (UIB) data, total automotive exports in the first 6 months increased by 15% compared to the same period of 2022 and reached $17.7 billion.
“We have completed a 6-month period, which we closed with quite successful and significant figures”
OSD Chairman of the Board Cengiz Eroldu, whose evaluation of the results was included in the statement, said:
“We have completed a 6-month period, which we closed with quite successful and important figures. Now, when we look at our figures, first of all, our production reached 735 thousand units. This means an increase of 13% compared to last year. Hopefully, these figures seem to carry us towards a total production of 1.5 million units this year as well. Another pleasing issue is that our capacity utilization rate increased from 67% to 74%. There is no doubt that both the increase in exports and the increase in the domestic market have contributed a lot to this.”
Source: AA / Prepared by Irem Yildiz