NEWS Automotive        11/05/2020

Turkey’s automotive production slumps 91.3% in April 2020 due to coronavirus pandemic

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for April 2020, total automotive production was 11,164 units in April 2020, 91.3% lower than the figure for the same month of the previous year. Of this total, car production was 9,661 units in April 2020, 88.4% lower than the figure for the same month of the previous year.

 

Car and commercial vehicle production in Turkey in April 2020 slumped as a result of the spread of the coronavirus pandemic. Orders have fallen drastically as countries worldwide introduced regulations to isolate their populations in their homes. The global economy has largely come to a halt and supply chains for the automotive industry have collapsed as manufacturing facilities have been temporarily closed down. By the end of March, most Turkish automotive manufacturers suspended production, and as of the end of April their manufacturing facilities were still closed. This pandemic has come at a very unfortunate time for the Turkish automotive industry, just when domestic demand had begun to revive following a severe disruption to the industry as a result of Turkey’s ongoing economic recession. Despite the continuing economic difficulties faced by Turkey, the lower interest rates introduced by the Turkish government had helped to boost domestic sales in recent 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 April 2020, figures for production, sales, imports and exports are as follows :

 

**   Total production decreased by 91.3% in April 2020 to 11,164 units compared with the same month of the previous year. Of this total, production of cars decreased by 88.4% to 9,661 units.

**   Total automotive sales decreased by 14.8% in April 2020 to 27,221 units compared with the same month of the previous year.

**   Total automotive imports increased by 5.6% in April 2020 to 18,652 units compared with the same month of the previous year

**   Total automotive exports decreased by 90% in April 2020 to 10,613 units compared with the same month of the previous year.

**   In USD terms, total automotive exports decreased by 76.9% to USD 614.4 million, with car exports decreasing by 86.3% to USD 131.6 million in April 2020.

 

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

 

**   Total production decreased by 28% in the first four months of 2020 to 352,309 units compared with the same period of the previous year. Of this total, production of cars decreased by 24% to 244,869 units.

**   Total automotive sales increased by 26.7% in the first four months of 2020 to 155,873 units compared with the same period of the previous year.

**   Total automotive imports increased by 37% in the first four months of 2020 to 93,237 units compared with the same period of the previous year.

**   Total automotive exports decreased by 32.6% in the first four months of 2020 to 286,963 units compared with the same period of the previous year.

**   In USD terms, total automotive exports decreased by 26.5% to USD 7,751.5 million, and car exports decreased by 22.7% to USD 3,012.2 million in the first four months of 2020 compared with the same period of the previous year.               

 

       Click here for full OSD monthly report for April 2020

 



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