NEWS Automotive        14/09/2020

Turkey’s automotive production increased by 44.3% in August 2020

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for August 2020, total automotive production was 75,341 units in August 2020,  44.3% higher than the figure for the same month of the previous year. Of this total, car production was 45,211 units in August 2020, 44.5% higher 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, and 53.7% in May 2020 compared with the respective months of the previous year. With the restarting of production facilities from mid-May, production recovered with lower falls in June of 5.4% in June 2020 and 11.8% in July 2020. 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 and 33.3% in July 2020. Despite the cheap loans being discontinued in August, it would appear that the 44.3% increase in production in August, compared with the same month of the previous year, reflects a significant recovery in production that month. However, it should be noted that production in August 2020 of 75,341 units was 36.2% lower than the production figure of 118,030 units for the previous month of July 2020. Though domestic sales remained strong in August with an increase of 137.1% compared with the same month of the previous year, exports fell by 21.5%. The expected continuation of weak exports in the coming months together with falling domestic demand as a result of more costly loan facilities, increasing coronavirus pandemic cases in Turkey, and the continuation of the ongoing economic recession will all have a debilitating effect on production in September and the months to follow.

 

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

 

**   Total production increased by 44.3% in August 2020 to 75,341 units compared with the same month of the previous year. Of this total, production of cars increased by 44.5% to 45,211 units.

**   Total automotive sales increased by 137.1% in August 2020 to 63,621 units compared with the same month of the previous year.

**   Total automotive imports increased by 112% in August 2020 to 34,815 units compared with the same month of the previous year

**   Total automotive exports decreased by 21.5% in August 2020 to 42,865 units compared with the same month of the previous year.

**   In USD terms, total automotive exports decreased by 12.5% to USD 1,568.1 million, with car exports decreasing by 25.2% to USD 381.6 million in August 2020.

 

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

 

**   Total production decreased by 22.7% in the first eight months of 2020 to 712,098 units compared with the same period of the previous year. Of this total, production of cars decreased by 20.5% to 485,314 units.

**   Total automotive sales increased by 68.6% in the first eight months of 2020 to 414,931 units compared with the same period of the previous year.

**   Total automotive imports increased by 71% in the first eight months of 2020 to 230,060 units compared with the same period of the previous year.

**   Total automotive exports decreased by 35.1% in the first eight months of 2020 to 523,288 units compared with the same period of the previous year.

**   In USD terms, total automotive exports decreased by 27.4% to USD 14,770.3 million, and car exports decreased by 27% to USD 5,407.6 million in the first eight months of 2020 compared with the same period of the previous year.               

 

       Click here for full OSD monthly report for August 2020

 

 



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