NEWS Automotive        29/08/2019

Turkey’s automotive imports fall 70% in July 2019

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for July 2019, total automotive production was 133,883 units in July 2019, 6.9% lower than the figure for the same month of the previous year. Of this total, car production was 86,235 units in July 2019, 10.6% lower than the figure for the same month of the previous year.

 

The results for July 2019 show a continuing stagnant market as a result of Turkey’s deepening economic recession. Automotive imports were down 70% to 9,942 units in July 2019. The depressed domestic market sales (47.9% down in first seven months of 2019) have also had a detrimental effect on production. The tax cuts introduced as from November 1st, 2018 failed to relieve the pressure on the domestic automotive market, and the discontinuation of these cuts as from the end of June 2019 means that we can expect worse figures from July onwards. Total automotive exports are also faltering with a 4.4% fall in units exported in July 2019  compared the same month of the previous year. It should also be noted that the decline in the automotive sector’s figures started in March 2018 with the result that a further decline in 2019 will be exacerbated when compared with the 2017 performance.

 

Total automotive production was 1,550,150 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 12% fall in the first seven months of 2019, it would seem that automotive production in 2019 will be falling back to the 2015 level.

 

In OSD’s report for July 2019, figures for production, sales, imports and exports are as follows :

 

**   Total production decreased by 6.9% in July 2019 to 133,883 units compared with the same month of the previous year. Of this total, production of cars decreased by 10.6% to 86,235 units.

**   Total automotive sales decreased by 66.1% in July 2019 to 18,386 units compared with the same month of the previous year.

**   Total automotive imports decreased by 70% in July 2019 to 9,942 units compared with the same month of the previous year

**   Total automotive exports decreased by 5% in July 2019 to 117,266 units compared with the same month of the previous year.

**   In USD terms, total automotive exports decreased by 4.4% to USD 2,955 million, with car exports decreasing by 3.4% to USD 1,141 million in July 2019.

 

In OSD’s report for the first seven months of 2019, figures for production, sales, imports and exports are as follows :

 

**   Total production decreased by 12% in the first seven months of 2019 to 868,945 units compared with the same period of the previous year. Of this total, production of cars decreased by 11.6% to 578,935 units.

**   Total automotive sales decreased by 47.9% in the first seven months of 2019 to 219,243 units compared with the same period of the previous year.

**   Total automotive imports decreased by 54.3% in the first seven months of 2019 to 118,137 units compared with the same period of the previous year.

**   Total automotive exports decreased by 7.3% in the first seven months of 2019 to 752,034 units compared with the same period of the previous year.

**   In USD terms, total automotive exports decreased by 5.4% to USD 18,542 million, and car exports decreased by 9.9% to USD 6,896 million in the first seven months of 2019 compared with the same period of the previous year.      

     

        Click here for full OSD monthly report for July 2019

 



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