NEWS Automotive        15/06/2019

Turkey’s automotive production falls 12.1% in the first five months of 2019

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for May 2019, total automotive production was 136,517 units in May 2019, 7.9% lower than the figure for the same month of the previous year. Of this total, car production was 96,345 units in May 2019, 0.7% higher than the figure for the same month of the previous year.

 

The results for May 2019 show a continuing stagnant market as a result of Turkey’s deepening economic recession. The depressed domestic market sales (54.7% down in May) have had a detrimental effect on production. The tax cuts introduced as from November 1st, 2018 have failed to relieve the pressure on the domestic automotive market. Total automotive exports are also faltering with a 4% fall in unit sales in May 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. The only positive attribute this month is that production and exports of cars increased by 0.7% and 3.8% respectively.

 

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 12.1% fall in the first five months of 2019, it would seem that automotive production in 2019 will be falling back to the 2015 level.

 

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

 

**   Total production decreased by 7.9% in May 2019 to 136,517 units compared with the same month of the previous year. Of this total, production of cars however increased marginally by 0.7% to 96,345 units.

**   Total automotive sales decreased by 54.7% in May 2019 to 33,979 units compared with the same month of the previous year.

**   Total automotive imports decreased by 63.3% in May 2019 to 17,017 units compared with the same month of the previous year

**   Total automotive exports decreased by 4% in May 2019 to 111,863 units compared with the same month of the previous year.

**   In USD terms, total automotive exports remained the same at USD 2,824 million, with car exports decreasing by 5.4% to USD 995 million in May 2019.

 

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

 

**   Total production decreased by 12.1% in the first five months of 2019 to 625,946 units compared with the same period of the previous year. Of this total, production of cars decreased by 11.2% to 418,626 units.

**   Total automotive sales decreased by 50% in the first five months of 2019 to 156,990 units compared with the same period of the previous year.

**   Total automotive imports decreased by 56.1% in the first five months of 2019 to 85,050 units compared with the same period of the previous year.

**   Total automotive exports decreased by 12.5% in the first five months of 2019 to 537,889 units compared with the same period of the previous year.

**   In USD terms, total automotive exports decreased by 5.6% to USD 13,373 million, and car exports decreased by 12.5% to USD 4,892 million in the first five months of 2019 compared with the same period of the previous year.      

     

        Click here for full OSD monthly report for May 2019

 

 

 



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