News

Automotive market in Turkey down by 8.6% during the first half of 2017

AA – The Turkish overall auto sales market, including light trucks, shrinks 8.6% in the first half of the year compared the same period in 2016, the Automotive Manufacturers Association (OSD) said on Tuesday.

Total vehicle sales was 401,158 units in the first half of 2017, down from 438,817 in 2016, the group said in a statement.

The number of passenger cars sold reached 305,924 units during the January-June period, down by 10% compared to the same period last year.

OSD expects that at the end of 2017 Turkey’s overall vehicle market will be between 875,000 and 925,000 units.

Vehicle production up by 22.3% within the January-May period

Vehicle production has risen by 22.3% year-on-year in Turkey within the January-April period to 727,997 units, according to OSD – Automotive Manufacturers’ Association of Turkey.

Within the same period, passenger cars production has increased by %41 y/y to 506,747 vehicles.

Commercial vehicles production has decreased by 6% by the end of the first five months to 221,250 units, alongside the 6% increase in bus production to 3871 units.

 

OSD_2017May_Production

 

Turkish car exports up by 54% during January-May period

According to Automotive Manufacturers’ Association of  Turkey – OSD data, car exports increased by 54% y/y during January-May period of 2017, to 425 thousand vehicles. The monetary value of car exports within the aforementioned period amounted to $5.7 billion.

Total automotive industry exports increased by 32% y/y to $12.4 billion during the same period.

OSD_2017May_Export.jpg

Turkey’s car production hits 10-year high

Number of cars produced in first four months of 2017 totaled more than 400,000, Automotive Manufacturers’ Association (OSD) reports

AA.com.tr – Turkey’s auto production rose by 42% to over 400,000 vehicles in the first four months of 2017, compared with the same period last year, hitting a 10-year high, according to official OSD data released on Thursday.

A total of 402,094 cars were manufactured in January-April perıod, marking the largest number of units produced in the country since 2007.

Automobile exports were also on the increase during the same period, going up by 57% to reach 337,000 units.

Overall production on the other hand – including the light commercial vehicles – was up 22% year-on-year, standing at 573,239 units.

OSD reported that vehicle sales were down 9% to 237,717 units compared with the same period last year.

The report also revealed that overall exports were up 31 percent, reaching 473,000 units.

Turkish automotive industry breaks production record in Q1/2017

AA.com.tr – The number of cars produced by Turkish automakers in first quarter of the year was up 44 percent, pushing overall automotive production to its highest level since 2007, according to official data released Wednesday.

In the January-March period, auto industry production climbed 23 percent from the same period in 2016, with passenger cars alone up 44 percent, according to an Automotive Manufacturer’s Association report.

The total auto industry output was 424,000 in the first quarter of the year, with passenger cars making up 71 percent of overall production with 300,000 units.

The report said commercial vehicle production was unable to keep pace with passenger cars in the first quarter, down 10 percent from a year earlier.

The downward performance of light commercial vehicle production in the quarter, 12 percent less than a year earlier, was the main cause of the negative outlook in commercial vehicles despite the production of heavy commercial vehicles such as buses, minibuses, and trucks seeing an increase of 10 percent from the same period last year.

Industry exports also saw a healthy rise in the same period, up 25 percent from a year earlier to $7.09 billion, including $3.01 billion from passenger cars alone.

The surge in exports indicated that Turkish exporters sold many more autos abroad in the first quarter to offset the loss of profits due to the sharp depreciation in the Turkish lira in wake of last July’s coup bid.

The lira lost 18 percent of its value against the U.S. dollar since mid-July, meaning Turkish exporters needed to boost their unit sales numbers by at least 18 percent to break even. But exceeding this goal, they managed to push up their sales (in units) by 39 percent in passenger cars and 22 percent in commercial vehicles.

The health of the sector is vital for Turkish economy, as the automotive sector has been the biggest exporter in recent years.

In 2016 the sector’s exports were around $23.9 billion, up from $21.3 billion in 2015.

Automotive exports hit record high in Q1

AA.com.tr – Turkey’s automotive exports register all-time high of $7.21 billion between January and March 2017

Turkey’s automotive sector hit a record high exports in the first quarter of 2017, according to Turkish Exporters’ Assembly (TIM) data.

The data compiled by Anadolu Agency showed that the country’s automotive sector exports reached their highest level of $7.12 billion between January and March this year from $5.54 billion in the same period last year.

Exports of the sector obtained the largest share with 18.9 percent of Turkey’s total exports, while chemicals and the apparel sector followed with 11.1 percent and 11 percent respectively during the same period.

Meanwhile in March, the automotive sector exports soared 32.5 percent month-on-month, the highest monthly increase in its history, to reach over $2.7 billion, according to the data.

The data also showed that nine out of 10 countries to which Turkey exported automotive products the most were European Union members.

Automotive exports to Germany, the biggest automotive importer from Turkey, advanced by 11.52 percent year-on-year to reach almost $1.1 billion in the first quarter of the year.

It was followed by Italy with a 44.25 percent rise to $816.9 million and the UK with a 19.94 percent increase to $779.9 million, read the data.

The top 10 largest automotive importer countries from Turkey are as follows:

Country

2016
(1000 USD)

2017
(1000 USD)

Change
%

1 – Germany

960,5

1,071,2

+11.5

2 – Italy

566,3

816,9

+44.3

3 – United Kingdom

647,8

776,9

+19.9

4 – France

556,3

745,8

+34.1

5 – Spain

318,4

404,3

+27.0

6 – Belgium

221,5

297,7

+34.4

7 – Poland

138,5

247,0

+78.3

8 – United States

163,2

217,6

+33.3

9 – Slovenia

137,2

196,9

+43.57

10 – Netherlands

220,3

176,5

-19.86

New cars and LCV sales down in February 2017

AA.com.tr – Turkey’s new car and light commercial vehicle sales in February slipped over 11% year-on-year, the Automotive Distributors’ Association reported.

A total of 46,965 automobiles were sold last month, down 11.1% from a year earlier, according to a report from the association.

Cars constituted the bulk of last month’s sales, with 34,658 automobiles sold, down 14.6% from February 2015, while light commercial vehicle sales rose 0.6% to 12,307.

Meanwhile, in the first two months of the year, the country’s car and light commercial vehicle sales fell 3.8% to 82,288.

The association also said that around 85% of the overall auto sales were in the A (mini), B (small), and C (standard) segments, with relatively lower tax burdens.

C-segment auto sales ranked first with a share of almost 51% (30,753 vehicles), while the most favored body type in January was sedan with a 47.6% share (28,698 vehicles).

Volkswagen was the top brand with 6,502 units sold followed by Renault and FIAT with 6,155 and 5,234 units, respectively.

Ford was the number four brand (5,138 units) and Hyundai came in fifth (3,001 units) in February 2017.

The overall new automobile market in Turkey hit a record with nearly one million units in 2016. 32% percent of those were manufactured in Turkey.