NEWS Automotive        13/07/2020

Turkey’s automotive production recovers to pre-pandemic levels in June 2020

According to figures presented in the Automotive Industrialists’ Association’s (OSD) monthly report for June 2020, total automotive production was 103,273 units in June 2020, 5.4% lower than the figure for the same month of the previous year. Of this total, car production was 74,264 units in June 2020, 0.3% 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. Orders had fallen drastically as countries worldwide introduced regulations to isolate their populations in their homes. The global economy had largely come to a halt and supply chains for the automotive industry collapsed resulting in manufacturing facilities being temporarily closed down. By the end of March, most Turkish automotive manufacturers had suspended production, and as of the end of April their manufacturing facilities were still closed. This pandemic had come at a very unfortunate time for the Turkish automotive industry, just when domestic demand had begun to revive following a severe disruption to the industry as a result of Turkey’s ongoing economic recession. Despite the continuing economic difficulties faced by Turkey, the lower interest rates introduced by the Turkish government had helped to boost domestic sales since October 2019. In May 2020 however, global production restarted and in Turkey production resumed from mid-May. In June 2020, we saw a return to pre-pandemic levels, a recovery largely propelled through by the surge in domestic sales following the generous loan packages offered by the state banks as from the June 1st. This largely compensated for the significant fall in exports in June.

 

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

 

**   Total production decreased by 5.4% in June 2020 to 103,273 units compared with the same month of the previous year. Of this total, production of cars however increased marginally by 0.3% to 74,264 units.

**   Total automotive sales increased by 65.8% in June 2020 to 72,778 units compared with the same month of the previous year.

**   Total automotive imports increased by 56.8% in June 2020 to 36,303 units compared with the same month of the previous year

**   Total automotive exports decreased by 26.9% in June 2020 to 70,813 units compared with the same month of the previous year.

**   In USD terms, total automotive exports decreased by 8.8% to USD 2,022.6 million, with car exports decreasing by 10.7% to USD 772.4 million in June 2020.

 

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

 

**   Total production decreased by 29.4% in the first half of 2020 to 518,727 units compared with the same period of the previous year. Of this total, production of cars decreased by 26.5% to 362,397 units.

**   Total automotive sales increased by 30.4% in the first half of 2020 to 261,902 units compared with the same period of the previous year.

**   Total automotive imports increased by 35.5% in the first half of 2020 to 146,620 units compared with the same period of the previous year.

**   Total automotive exports decreased by 36.6% in the first half of 2020 to 402,179 units compared with the same period of the previous year.

**   In USD terms, total automotive exports decreased by 29.6% to USD 10,977.4 million, and car exports decreased by 26.3% to USD 4,243.6 million in the first half of 2020 compared with the same period of the previous year.               

 

       Click here for full OSD monthly report for June 2020

 

 

 



Turkey’s net minimum wage has been raised 15.04% to TL 2,324.70 (USD 391) as of 01.01.2020       Migration communication helpline 157 available for foreigners in Turkey       Read our homepage articles on developments in the Turkish economy       Turkey’s annual inflation rate falls back to 11.76% in July 2020       Turkey’s official unemployment rate increases marginally to 12.9% in May 2020       Read our BUSINESS section for latest sectoral and corporate news       Turkey’s population is 83,154,997 as of 2019 yearend       Foreigners visiting Turkey in 2019 increase by 14.1% to a record 45.1 million       Turkey’s private sector foreign debt is USD 189.8 billion as of 2019 yearend       Turkey’s economy grew by 0.9% in 2019