NEWS Automotive        17/01/2021

Turkey’s automotive production decreases by 11.2% in the year 2020

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for December 2020, total automotive production was 149,614 units in December 2020, 10.2% higher than the figure for the same month of the previous year. Of this total, car production was 92,300 units in December 2020, 2.8% lower 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 five 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 lower export demand from Europe due to the continuing COVID-19 pandemic, will all likely have a debilitating effect on production in the coming months.

 

Total automotive production in the year 2020 was 1,297,854 units, down 11.2% from the figure of 1,461,244 units for the previous year.

Total car production in the year 2020 was 855,043 units, down 13% from the figure of 982,642 units for the previous year.

 

Total automotive production was 1,461,244 units in 2019, 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 982,642 units in 2019, 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, 5.7% in 2019, and 11.2% in 2020. Automotive production in 2020 has fallen below the figure achieved in 2015.

 

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

 

**   Total production increased by 10.2% in December 2020 to 149,614 units compared with the same month of the previous year. Of this total, production of cars decreased by 2.8% to 92,300 units.

**   Total automotive sales increased by 16.2% in December 2020 to 107,969 units compared with the same month of the previous year.

**   Total automotive imports increased by 10% in December 2020 to 54,057 units compared with the same month of the previous year

**   Total automotive exports decreased by 11% in December 2020 to 94,634 units compared with the same month of the previous year.

**   In USD terms, total automotive exports increased by 9.6% to USD 2,836.3 million, with car exports decreasing by 9.8% to USD 1,013.3 million in December 2020.

 

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

 

**   Total automotive production decreased by 11.2% in the year of 2020 to 1,297,854 units compared with the previous year. Of this total, production of cars decreased by 13% to 855,043 units.

**   Total automotive sales increased by 61.9% in the year of 2020 to 796,200 units compared with the previous year.

**   Total automotive imports increased by 54.1% in the year of 2020 to 427,028 units compared with the previous year.

**   Total automotive exports decreased by 26.8% in the year of 2020 to 916,543 units compared with the previous year.

**   In USD terms, total automotive exports decreased by 16.9% to USD 25,945.5 million, and car exports decreased by 21.5% to USD 9,312.1 million in the year of 2020 compared with the previous year.               

 

       Click here for full OSD monthly report for December 2020

 

 



Turkey’s net minimum wage has been raised 21.56% to TL 2,825.90 (USD 380) as of 01.01.2021       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s official annual inflation rate increases to 16.19% in March 2021       Turkey’s official unemployment rate jumps to 13.4% in February 2021       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,614,362 as of 2020 yearend       Foreigners visiting Turkey in 2020 falls by 71.7% to 12.7 million       Turkey’s private sector foreign debt is USD 173.9 billion as of 2020 yearend       Turkey’s economy grew by 1.8% in 2020       Foreign Direct Investment inflow to Turkey was USD 7.7 billion in 2020