Automotive Industry Association announced its 11-month data. Compared to the same period last year, total production decreased by 8 percent and reached 1 million 239 thousand 944 units.
The official statement on this subject was as follows: “The Automotive Industry Association (OSD), which is the umbrella organization of the sector with its 13 members guiding the Turkish automotive industry, announced the production and export figures and market data for the January-November period of 2024. Accordingly, in the first 11 months of the year, total automotive production decreased by 8 percent compared to the same period of the previous year and reached 1 million 239 thousand 944 units. Automobile production decreased by 6 percent to 822 thousand 361 units. Total production, including tractor production, reached 1 million 283 thousand units. In the first 11 months of the year, production in the commercial vehicle group decreased by 12 percent, in the heavy commercial vehicle group by 25 percent, and in the light commercial vehicle group by 10 percent compared to the same period of the previous year. During this period, the capacity utilization rate of the automotive industry was 70 percent. Capacity utilization rates on a vehicle group basis were 70 percent in light vehicles (cars + light commercial vehicles), 71 percent in the truck group, 51 percent in the bus-midibus group and 63 percent in the tractor.
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In the first 11 months of the year, automotive exports decreased by 1 percent in terms of units compared to the same period of the previous year and amounted to 915 thousand 446 units. In this period, both automobile and commercial vehicle exports decreased by 1 percent compared to the same period of the previous year. Tractor exports decreased by 24 percent compared to the same period in 2023, reaching 12 thousand 412 units. According to the data of the Turkish Exporters Assembly, total automotive industry exports maintained its first place in the sectoral export rankings with 16 percent in the first eleven months of 2024.
According to Uludağ Exporters’ Associations (UIB) data, total automotive exports in the first 11-month period amounted to 33.4 billion dollars, an increase of 3 percent compared to the same period of 2023. In Euro terms, exports increased by 2 percent and amounted to 30.6 billion Euros. During this period, while main industry exports increased by 1 percent in dollar terms, supply industry exports increased by 6 percent.
In the first 11 months of 2024, the total market decreased by 1 percent compared to the same period of the previous year and amounted to 1 million 109 thousand 117 units. During this period, the automobile market increased by 0.6 percent compared to last year and amounted to 845 thousand 530 units. Looking at the commercial vehicle market, in the first 11 months of the year, the total commercial vehicle market decreased by 5 percent, the heavy commercial vehicle market decreased by 10 percent, and the light commercial vehicle market decreased by 4 percent compared to the same period of the previous year. “In the January-November period of 2024, the share of domestic vehicles in automobile sales was 30 percent, and the share of domestic vehicles in light commercial vehicle sales was 28 percent.”