The Automotive Industry Association made an official post today and summarized the January 2024 data. The industry had another good month.
The statement made by the Automotive Industry Association is as follows: happened: “The Automotive Manufacturers 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 January 2024. Accordingly, total automotive production in January decreased by 3 percent compared to the same month of the previous year, reaching 108 thousand 483 units. Automobile production decreased by 5 percent to 67 thousand 59 units. Including tractor production, total production reached 112 thousand 737 units. In the first month of the year, commercial vehicle production increased by 1 percent compared to the same month of the previous year. During this period, production in the heavy commercial vehicle group increased by 7 percent, while production in the light commercial vehicle group remained parallel to the previous year. In January 2024, the capacity utilization rate of the automotive industry was 67 percent.
YOU MAY BE INTERESTED IN
Capacity utilization rates on a vehicle group basis were 66 percent in light vehicles (cars + light commercial vehicles), 75 percent in the truck group, 55 percent in the bus-midibus group and 68 percent in the tractor. Exports increased by 2 percent and reached 2.8 billion dollars! In the first month of the year, automotive exports decreased by 5 percent in terms of units compared to the same month of the previous year, reaching 75 thousand 106 units.
During this period, automobile exports decreased by 13 percent compared to the same period of the previous year, while commercial vehicle exports increased by 9 percent. Tractor exports decreased by 7 percent compared to the same month of 2023 and amounted to 1,604 units. According to the data of the Turkish Exporters Assembly, total automotive industry exports started to rank first in the sectoral export rankings with a share of 16 percent in January 2024. According to Uludağ Exporters’ Associations (UIB) data, total automotive exports in January increased by 2 percent compared to the same period of 2023, reaching 2.8 billion dollars.
In Euro terms, it increased by 1 percent to 2.5 billion Euros. During this period, main industry exports increased by 1 percent and supply industry exports increased by 4 percent in dollar terms. 82 thousand 416 vehicles were sold in the domestic market in January! In January 2024, the total market increased by 54 percent compared to the same month of the previous year, reaching 82 thousand 416 units.
During this period, the automobile market increased by 72 percent to 64 thousand 41 units. Looking at the commercial vehicle market, in the first month of the year, 13 percent growth was achieved in the total commercial vehicle market, 1 percent growth in the heavy commercial vehicle market and 15 percent growth in the light commercial vehicle market compared to the same period of the previous year. “In January 2024, compared to the same period last year, the share of domestic vehicles in automobile sales was 35 percent, and the share of domestic vehicles in the light commercial vehicle market was 34 percent.”