Automotive production continues to decline

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After January and February, automotive production in Turkey decreased in March compared to the same period of the previous year.

According to the Automotive Industry Association (OSD) data, the production of the automotive industry in March decreased by 13.7 percent compared to the same month of the previous year and became 106 thousand 575 units, while automobile production decreased by 23.9 percent to 57 thousand 41 units in the same period.

In the January-March period, total production decreased by 12.4 percent compared to the same period of the previous year to 302 thousand 730 units, while automobile production decreased by 21.5 percent to 166 thousand 363 units.

Total market remained at 160 thousand

Turkish automotive market shrank by 23 percent in the first quarter of 2022 compared to the same period of the previous year and the market reached 160 thousand It was made up of 16 pieces.

In this period, the automobile market decreased by 25 percent and reached 116 thousand 834 units. Considering the averages of the last 10 years, the total market increased by 4 percent, the automobile market by 4 percent and the heavy commercial vehicle market by 9 percent in the January-March period, while the light commercial vehicle market was at a parallel level.

Looking at the domestic vehicle shares in the domestic market; In the January-March period of 2022, the share of domestic vehicles in the automobile market was 36 percent compared to the same period of the previous year, while the share of domestic vehicles in the light commercial vehicle market was 60 percent.

The total market in March alone decreased by 32 percent compared to the same period of the previous year and amounted to 68 thousand 245.

Exports decreased by 3 percent in the first quarter

In the first quarter of the year, total vehicle exports decreased by 14 percent on the basis of units compared to the same period of the previous year, It amounted to 225 thousand 550 units.

In this period, automobile exports decreased by 20 percent to 124 thousand 599 units, while commercial vehicle exports decreased by 4 percent. Tractor exports, on the other hand, increased by 30 percent compared to 2021 and amounted to 4 thousand 694 units.

While total automotive exports were realized as 7.6 billion dollars in the January-March period of 2022, automobile exports decreased by 21 percent and became 2.1 billion dollars.

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