One of Turkey’s most important industries is undoubtedly the automotive sector. Association for the Automotive Industry (OSD)announced production and export data for the period January-May 2024. In the first five months of the year, there was a 2 percent decline in production in the sector. The number of vehicles produced during this period amounted to 606 thousand 905 units.

While car production increased by 1 percent compared to the same period last year, the total number 391 thousand 932 pieces happened. Total production, including tractor production, reached 629 thousand 449 units. The decrease in total production in the commercial vehicle group is 7 percent happened. While the decline in the light commercial vehicle group was 6 percent, the decline in the heavy commercial vehicle group was 12 percent.

The capacity utilization rate of the automotive industry was 75 percent

While the automotive industry’s load factor was announced at 75 percent, the load factors on a vehicle group basis were as follows:

• Car + light commercial vehicle: 75 percent
• Truck group: 82 percent
• Bus-midibus group: 60 percent
• Tractor: 72 percent

On the other hand, auto exports increased by 1 percent in unit terms in the first five months of the year compared to the same period of the year. 417 thousand 826 part happened. In the January-May period, car exports grew by 2 percent compared to the same period of the previous year. Exports of commercial vehicles fell by 2 percent.

Tractor exports fell by 15 percent to 7,289 units. car industry, 16 percent It retained its first place in the sectoral export rankings. Total auto exports rose 3 percent to reach $15.1 billion. During this period, the total market grew by 5 percent, reaching 491 thousand 482 units. The car market grew by 10 percent with 375 thousand 482 units. In the first five months of the year there was a decline of 8 percent in the commercial vehicle market, 7 percent in the heavy commercial vehicle market and 8 percent in the light commercial vehicle market.