NEWS Automotive        13/04/2019

Turkey’s automotive production fell 15% in the 1st quarter of 2019

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for March 2019, total automotive production was 132,189 units in March 2019, 17.1% lower than the figure for the same month of the previous year. Of this total, car production was 87,348 units in March 2019, 17.4% lower than the figure for the same month of the previous year.

 

The results for March 2019 show a continuing stagnant market as a result of Turkey’s deepening economic recession. The depressed domestic market sales (36.6% down in March) 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.  Exports are also faltering with a 6.6% fall in unit sales and a 8.2% fall in export sales in USD value in March 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.

 

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

 

**   Total production decreased by 17.1% in March 2019 to 132,189 units compared with the same month of the previous year. Of this total, production of cars decreased by 17.4% to 87,348 units.

**   Total automotive sales decreased by 36.6% in March 2019 to 50,472 units compared with the same month of the previous year.

**   Total automotive imports decreased by 44.1% in March 2019 to 27,302 units compared with the same month of the previous year

**   Total automotive exports decreased by 6.6% in March 2019 to 120,445 units compared with the same month of the previous year.

**   In USD terms, total automotive exports decreased by 8.2% to USD 2,934 million, with car exports decreasing by 8% to USD 1,172 million in March 2019.

 

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

 

**   Total production decreased by 15% in the first quarter of 2019 to 361,516 units compared with the same period of the previous year. Of this total, production of cars decreased by 16.3% to 238,822 units.

**   Total automotive sales decreased by 44.9% in the first quarter of 2019 to 90,888 units compared with the same period of the previous year.

**   Total automotive imports decreased by 49.9% in the first quarter of 2019 to 50,311 units compared with the same period of the previous year.

**   Total automotive exports decreased by 7.1% in the first quarter of 2019 to 320,213 units compared with the same period of the previous year.

**   In USD terms, total automotive exports decreased by 5.8% to USD 7,891 million, and car exports decreased by 10.8% to USD 2,937 million in the first quarter of 2019 compared with the same period of the previous year.      

     

        Click here for full OSD monthly report for March 2019

 

 

 



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