Total automotive production fell by 9.3% to 116,088 in the automotive industry in February, according to the monthly report of the Automotive Manufacturers Association (OSD). In the meantime, passenger car production declined by 22.4% to 68,105 and total exports dropped by 14.3% to 87,908, while passenger car exports decreased by 31.8% to 50,384 in February.
The two-month total production fell by 6.5% to 222,264, while passenger car production dropped by 16% to 136,882 in 2021, compared to the same period of the previous year, according to the OSD report. Grand total of production including tractor manufacturing reached 231,578.
Manufacturing in the automotive industry dropped by 9.3% to 116,088 in February, compared to the same month of the previous year and passenger car production declined by 22.4% to 68,105 in the same period. Accordingly, capacity utilization (CUR) in the automotive sector reached 68% in the January-February period. CUR in light vehicles (passenger cars and light commercial vehicles (LCV)) reached 68%, 50% in heavy commercial vehicles (HCV) and 75% in tractors.
CV manufacturing increases by 14%
Commercial vehicles (CV) production increased by 14% in January-February period, compared to the same period of the previous year. Manufacturing in heavy CV group rose by 55%, while it increased by 12% in LCV. Production of CV carrying cargos and passengers reached 85,382, while tractor manufacturing stood at 9,314 in this period.
On the other hand, CV market rose by 53%, LCV market increased by 51% and heavy CV market rose by 61% in January-February, compared to the same period of the previous year, according to the OSD report. Considering the base effect, CV market in this period was 6% above compared to 2017.
Upward trend continues in domestic market
The total market rose by 38% to 106,532 in January-February period, compared to the same period of the previous year. Passenger car market increased by 34% to 80,107 in this period. Considering the 10-year averages, total market rose by 30% and passenger cars market increased by 39%, while LCV market rose by 8% and heavy CV market increased by 4%. The share of local vehicles stood at 38% in passenger car sales, while its share reached 55% in LCV market.
Exports decreased by 14% in January-February
The unit-based exports in the automotive industry dropped by 14% to 165,476 in January-February period, compared to the same period of the previous year, the report revealed. Meanwhile, passenger cars export declined by 27% to 98,433 and tractor exports fell by 13% to 2,315 in this period. The automotive industry kept its seat at the top by taking a 17% share in total exports, according to the Turkish Exporters Assembly’s (TIM) data.
Total exports reach USD 4.9bn
Total exports in the automotive industry amounted to USD 4.9bn in January-February period, according to the report. On the other hand, total exports in the automotive industry dropped by 3% and 12% in USD and EUR terms, respectively. Accordingly, passenger cars exports dropped by 22% to USD 1.6bn, while it decreased by 29% to EUR 1.4bn in this period. Total vehicle industry declined by 9% and supply industry increased by 8% in the same period.
