Automotive production decreased by 1 percent in the first 4 months of the year

According to the statement made by the association, OSD shared production, export and market data for the January-April period of 2024.

According to the report, which shows that there was a decline in production numbers on a monthly basis due to the effect of official holidays in April, total production in the sector in the first 4 months decreased by 1 percent compared to the same period last year and amounted to 474 thousand 947 units.

Automobile production increased by 2 percent to 300 thousand 109 units, while total production including tractor production reached 492 thousand 471 units.

In the first 4 months of the year, production in the commercial vehicle group decreased by 5 percent, in the heavy commercial vehicle group by 7 percent and in the light commercial vehicle group by 5 percent compared to the same period of the previous year.

In this period, the capacity utilization rate of the automotive industry was realized as 73 percent. On a vehicle group basis, capacity utilization rates were 74 percent in light vehicles, 83 percent in trucks, 59 percent in buses and vans and 70 percent in tractors.

Exports reached 11.9 billion dollars in the first 4 months

In the first 4 months of the year, automotive exports increased by 1 percent in terms of units compared to the same period of the previous year and reached 332 thousand 664 units. In this period, automobile exports remained parallel to the same period of the previous year, while commercial vehicle exports increased by 2 percent. Tractor exports decreased by 16 percent compared to the same period of 2023 and amounted to 5 thousand 777 units.

According to the Turkish Exporters Assembly (TIM) data, total automotive industry exports maintained its first place in the sectoral export ranking with 16.5 percent in the first 4 months of 2024.

According to Uludağ Exporters' Associations (UİB) data, total automotive exports in the first 4-month period increased by 3 percent compared to the same period of 2023 and reached 11.9 billion dollars. In euro terms, it increased by 2 percent to 10.9 billion euros. In this period, exports of the main industry increased by 3.4 percent and exports of the supply industry by 2.6 percent in dollar terms.

Total market realized at 386 thousand units in 4 months

In the first 4 months of 2024, the total market increased by 10 percent compared to the same period of the previous year and reached 386 thousand 538 units.

In this period, the automobile market grew by 17 percent to 294 thousand 837 units. Looking at the commercial vehicle market, in the first 4 months of the year, the total commercial vehicle market decreased by 6 percent, the heavy commercial vehicle market by 8 percent and the light commercial vehicle market by 5 percent compared to the same period of the previous year.

In the January-April 2024 period, compared to the same period of the previous year, the share of domestic vehicles in automobile sales was 31 percent and the share of domestic vehicles in the light commercial vehicle market was 33 percent.