Automotive Industry Association (OSD) announced production and export data for the first 10 months of 2024. In this period, automotive production decreased by 7 percent compared to the same period of the previous year and amounted to 1 million 122 thousand 567 units. At the same time, total production reached 1 million 162 thousand 178 units, including tractor production. While a 12 percent decrease was observed in commercial vehicle production, the decrease in automobile production remained at 5 percent.
Rise in exports: Türkiye continues its leadership
In the first 10 months of 2024, Turkey’s automotive exports increased by 3 percent in dollar terms, reaching 30.2 billion dollars. Exports increased by 2 percent in euro terms and reached 27.7 billion euros. OSD According to data, automobile exports decreased by 2 percent to 531 thousand 680 units, while commercial vehicle exports increased by 1 percent. Additionally, the highest monthly export value of 3.6 billion dollars was reached in October.
In the January-October period of 2024, the total automotive market decreased by 2 percent compared to the previous year, decreasing to 983 thousand 968 units. In the same period, the automobile market reached 750 thousand 935 units. The commercial vehicle market decreased by 7 percent, the light commercial vehicle market by 6 percent, and the heavy commercial vehicle market by 10 percent. The share of imported vehicles in the market was 71 percent in automobiles and 71 percent in light commercial vehicles.
What do you think about these figures and Turkey’s automotive export and production performance? We welcome your opinions in the comments.
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