Automotive Industry Red Alert, Production 13 Percent Reduced

automotive sector red alarm production reduced
automotive sector red alarm production reduced

compared to the same period last year in the first half of the year, the total automotive production in Turkey decreased so 13 735 62 was a thousand pieces. The main reason for the decrease was the lack of domestic demand.

Automotive Industry Association (OSD) announced the production, export numbers and market data for the first half of this year.

Accordingly, total production decreased 13 percent compared to the same period last year in the first half of this year amounted to 735 62 thousand units in Turkey. Automobile production in the period in question fell 12 492 thousand 700 fell. In the same period, total production was realized as 745 thousand 632 units with tractor production.

In the first half of the year, the contraction in commercial vehicle production continued mainly due to the contraction in the domestic market. In the January-June period, total commercial vehicle production decreased by 15, heavy commercial vehicle production decreased by 30 and light commercial vehicle production decreased by 14.

AUTOMOTIVE MARKET INCREASED 45 PERCENT

In the January-June period of this year, the total market was 45 thousand 200, decreasing by 901 percent compared to the same period last year. During this period, the automobile market decreased by 43 percent and amounted to 156 thousand 378 units. During the period in question, the commercial vehicle market decreased by 51, the light commercial vehicle market by 50 and the heavy commercial vehicle market by 56.

In the January-June period of this year, the share of imports in the automobile market was 56. In the period in question, total car sales decreased by 43 percent, imported car sales by 52 percent and domestic car sales by 26 percent.

Turkey Exporters Assembly (TIM) data, total automotive exports in the January-June period of 2019 years 17 percent share of exports has maintained its ranking in the first place.

About Levent Elmastaş
RayHaber editor

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