Automotive industry increased its production and exports in the first 2 months

The Automotive Industry Association (OSD) announced production and export figures and market data for January and February 2023.

Consequently, in the first 2 months of the year, total automotive production increased 14 percent compared to the same period of the previous year and reached 223 thousand 796 units.

Car production, for its part, increased 23 percent to 134,474 units.

Together with the production of tractors, the total production reached 233 thousand 731 units.

LIGHT COMMERCIAL VEHICLE PRODUCTION DECREASED 1 PERCENT

In the first two months of the year, commercial vehicle production increased by 3 percent compared to the same period of the previous year.

In this period, while production in the heavy commercial vehicle group increased by 48 percent, production in the light commercial vehicle group decreased by 1 percent.

During this period, the capacity utilization rate of the automotive industry was 68 percent.

On a vehicle group basis, capacity utilization rates were 68% for light vehicles (cars + light commercial vehicles), 83% for the truck group, 34% for the bus and midibus group, and 78% in tractors.

EXPORTS INCREASE BY 8 PERCENT

In the first two months of the year, automotive exports increased 8 unit percent compared to the same period of the previous year, and amounted to 158 thousand 145 units.

In this period, automobile exports increased 14 percent compared to the same period of the previous year, while commercial vehicle exports were at a parallel level.

Tractor exports, for their part, increased by 9 percent compared to the same period in 2022 and amounted to 3,416 units.

According to data from the Turkish Exporters Assembly, the total exports of the automotive industry ranked first in sectoral exports with a share of 12.2 percent in the first two months of 2023. According to data from the Association of Exporters from Uludag (UIB), total auto exports in the first two months increased by 13 percent compared to the same period in 2022 and reached $5.5 billion.

In euro terms, it rose 19 percent to 5.1 billion euros. In this period, core industry exports increased 15 percent and supply industry exports increased 10 percent in dollar terms.

THE TOTAL MARKET INCREASED 51 PERCENT

In the first two months of 2023, the total market increased by 51 percent compared to the same period of the previous year and amounted to 138,405 units. In this period, the automobile market also increased by 44 percent and reached 96,195 units.

Regarding the commercial vehicle market, in the first two months of the year, compared to the same period of the previous year, the total commercial vehicle market grew by 68%, the heavy commercial vehicle market by 60% and the light commercial vehicle market. market by 70%. In the period January-February 2023, the share of domestic vehicles in auto sales was 36 percent, and the share of domestic vehicles in the light commercial vehicle market was 51 percent compared to the same period of the previous year. (AA)