
Automotive Industry Analysis in 2024
The year 2024 was a year full of changes and challenges for the automotive industry. Car production decreased by 5% compared to the previous year, 904 thousand 513 units This situation shows that the production process in the sector needs to be reexamined. Commercial Vehicle In the group, production decreased by 11%; there was a 25% decrease in the heavy commercial vehicle group and a 9% decrease in the light commercial vehicle group. These data clearly reveal the challenges and competitive conditions faced by the sector.
Decline in Commercial Vehicle Market
Compared to 2023, a 4% decline was observed in the commercial vehicle market, an 8% decline in the heavy commercial vehicle market, and a 3% decline in the light commercial vehicle market. Throughout 2024, the market is expected to follow a similar course to the previous year. This year, the total market 1 million 285 thousand 632 units The increase in the automobile market is remarkable; with an increase of 1% compared to the same period last year. 980 thousand 341 units reached.
Export Figures and Locality Rate
Domestic share in automobile sales in the January-December period of 2024 %30, the share of domestic vehicles in light commercial vehicle sales is %27 These rates show the domestic production potential in Turkey's automotive industry and the demand for domestic vehicles. According to the data of the Turkish Exporters Assembly, the automotive sector finished 2024 in the first place in the sectoral export ranking with 17%. Total automotive industry exports increased by 6% 37.2 billion dollars level has been reached.
Export Increase in Euros
According to Uludağ Automotive Industry Exporters' Association (OIB) data, total automotive exports will increase by 2024% in Euro terms in 2. 33.7 billion Euros During this period, while main industry exports increased by 1% in dollar terms, supply industry exports increased by 5%. These data prove how strong the Turkish automotive sector is in the international arena.
General Trends in the Industry in 2024
The year 2024 is full of new trends and innovations for the automotive industry. The increasing popularity of electric vehicles is accelerating change in the industry. Many companies are making significant investments in electric vehicle production and taking steps towards a sustainable future. In addition, digitalization and automation processes play a critical role in increasing efficiency in the industry.
Strategies for the Future
The strategies determined for the future of the automotive sector include increasing R&D investments, supporting domestic production and expanding export markets. In addition, the orientation towards environmentally friendly technologies is considered an important step to ensure the sustainability of the sector. In this context, companies need to develop innovative solutions and adopt flexible production systems according to market needs.
As a result
The year 2024 continues to be a year full of opportunities and challenges for the automotive sector. There are significant developments in both domestic production and exports. The future of the sector will be shaped by innovative approaches and sustainable strategies. In this context, it is critical for all stakeholders to cooperate in order for the automotive industry to become even stronger in the international arena.