NEWS Automotive        16/11/2020

Turkey’s automotive exports decrease by 30.2% in first 10 months of 2020

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for October 2020, total automotive production was 150,746 units in October 2020,  14.1% higher than the figure for the same month of the previous year. Of this total, car production was 95,915 units in October 2020, 2.5% higher than the figure for the same month of the previous year.

 

Despite the cheap loans offered by state banks being discontinued in August, domestic sales have remained comparatively strong over the following three months. This demand has ensured that production has maintained a strong performance, although exports have continued to be weak. The continuation of the ongoing economic recession, fiscal tightening in Turkey and expected fall in export demand from Europe due to the second pandemic upsurge, will all likely have a debilitating effect on production in the coming months.

 

Total automotive production in the year 2019 was 1,461,244 units, down 5.7% from the figure of 1,550,260 units for the previous year.

Total car production in the year 2019 was 982,642 units, down 4.3% from the figure of 1,026,481 units for the previous year.

 

Total automotive production was 1,550,260 units in 2018, 1,695,731 units in 2017, 1,485,927 units in 2016, and 1,358,796 units in 2015.

Total car production was 1,026,481 units in 2018, 1,142,906 units in 2017, 950,888 units in 2016, and 791,027 units in 2015.

 

2017 was a record year for automotive production in Turkey, but production fell 8.6% in 2018, and with the 5.7% fall in the year 2019, automotive production in 2019 has fallen back below its 2016 level.

 

In OSD’s report for October 2020, figures for production, sales, imports and exports are as follows :

 

**   Total production increased by 14.1% in October 2020 to 150,746 units compared with the same month of the previous year. Of this total, production of cars increased by 2.5% to 95,915 units.

**   Total automotive sales increased by 93.1% in October 2020 to 97,108 units compared with the same month of the previous year.

**   Total automotive imports increased by 58.8% in October 2020 to 53,476 units compared with the same month of the previous year

**   Total automotive exports decreased by 11.4% in October 2020 to 104,093 units compared with the same month of the previous year.

**   In USD terms, total automotive exports increased by 2.4% to USD 2,962.3 million, with car exports decreasing by 13.5% to USD 1,040.6 million in October 2020.

 

In OSD’s report for the first ten months of 2020, figures for production, sales, imports and exports are as follows :

 

**   Total production decreased by 15.5% in the first ten months of 2020 to 1,004,974 units compared with the same period of the previous year. Of this total, production of cars decreased by 15.4% to 671,676 units.

**   Total automotive sales increased by 78.3% in the first ten months of 2020 to 605,390 units compared with the same period of the previous year.

**   Total automotive imports increased by 71,9% in the first ten months of 2020 to 329,125 units compared with the same period of the previous year.

**   Total automotive exports decreased by 30.2% in the first ten months of 2020 to 720,208 units compared with the same period of the previous year.

**   In USD terms, total automotive exports decreased by 21.3% to USD 20,376.8 million, and car exports decreased by 23.6% to USD 7,313.8 million in the first ten months of 2020 compared with the same period of the previous year.               

 

       Click here for full OSD monthly report for October 2020

 

 



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