NEWS Automotive        22/08/2020

Turkey’s automotive exports 33.3% lower in July 2020

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for July 2020, total automotive production was 118,030 units in July 2020, 11.8% lower than the figure for the same month of the previous year. Of this total, car production was 77,706 units in July 2020, 9.9% lower than the figure for the same month of the previous year.

 

As a result of the spread of the coronavirus pandemic, car and commercial vehicle production in Turkey fell by 21.8% in March 2020, 91.3% in April 2020, 53.7% in May 2020, and 5.4% in June 2020 compared with the respective months of the previous year. In May 2020, global production restarted and with production resuming as from mid-May, Turkey in June 2020 saw a return to pre-pandemic levels. This recovery was largely propelled though by the surge in domestic sales following the generous loan packages offered by the state banks as from the June 1st, rather than exports which fell by 26.9% in June. The boom in car sales continued in July with automotive sales increasing 384.8%, but the fall in exports by 33.3% resulted in the fall in production of 11.8%. With the cheap loans being discontinued in August, unless there is an improvement in exports, a significant fall in production may be expected in that month.

 

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 July 2020, figures for production, sales, imports and exports are as follows :

 

**   Total production decreased by 11.8% in July 2020 to 118,030 units compared with the same month of the previous year. Of this total, production of cars decreased by 9.9% to 77,706 units.

**   Total automotive sales increased by 384.8% in July 2020 to 69,427 units compared with the same month of the previous year.

**   Total automotive imports increased by 389.2% in July 2020 to 48,641 units compared with the same month of the previous year

**   Total automotive exports decreased by 33.3% in July 2020 to 78,242 units compared with the same month of the previous year.

**   In USD terms, total automotive exports decreased by 24.6% to USD 2,227.4 million, with car exports decreasing by 31.4% to USD 782.5 million in July 2020.

 

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

 

**   Total production decreased by 26.7% in the first seven months of 2020 to 636,757 units compared with the same period of the previous year. Of this total, production of cars decreased by 24% to 440,103 units.

**   Total automotive sales increased by 60.2% in the first seven months of 2020 to 351,319 units compared with the same period of the previous year.

**   Total automotive imports increased by 65.3% in the first seven months of 2020 to 195,262 units compared with the same period of the previous year.

**   Total automotive exports decreased by 36.1% in the first seven months of 2020 to 480,425 units compared with the same period of the previous year.

**   In USD terms, total automotive exports decreased by 28.8% to USD 13,203.2 million, and car exports decreased by 27.1% to USD 5,026.1 million in the first seven months of 2020 compared with the same period of the previous year.               

 

       Click here for full OSD monthly report for July 2020

 

 



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