OSD Publishes Automobile 2024 Report

Automotive Industry Report 2024

The automotive sector is one of the most dynamic and important parts of the Turkish economy. As of 2024, the sector is going through a difficult process, and production and export figures have also shown a remarkable change. In this article, we will provide comprehensive information about automotive production, exports and market status in 2024.

Automotive Production: 2024 Data

The year 2024 has been an important year for automotive production. Total automotive production decreased by 7% compared to the previous year. 1 million 365 thousand 296 This decline was particularly evident in the commercial vehicle segment. Light commercial vehicle production decreased by 9% and heavy commercial vehicle production decreased by 25%. During the production process, the capacity utilization rate remained at 70%. This emphasizes the importance of efforts to increase efficiency and reduce costs in the sector.

Automobile Production and Tractor Production

Car production to decrease by 2024% in 5 904 bin 513 This situation is particularly related to the changing dynamics of the market and the evolution of consumer demands. Tractor production is included in the total production figures and 1 million 410 thousand 934 This increase in tractor production has developed in parallel with the growth in the agricultural sector.

Automotive Exports: 2024 Figures

Automotive exports in 2024, in total 1 million 13 thousand 34 units. While automobile exports decreased by 1%, commercial vehicle exports increased by 1%. A decrease of 23% was observed in tractor exports. On the other hand, according to the data of the Turkish Exporters Assembly, automotive industry exports increased by 6% and 37,2 billion dollars This situation shows that the sector maintains its competitiveness in international markets.

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 This indicates that the Turkish automotive industry has increased its influence in the European market. In dollar terms, main industry exports increased by 1% and supplier industry exports increased by 5%.

Market Status: Automobiles and Commercial Vehicles

In the automotive market in 2024, the total market will follow a parallel course to the previous year. 1 million 285 thousand 632 The automobile market increased by 1% 980 bin 341 There was a 4% contraction in the commercial vehicle market. This situation manifests itself in a 8% decline in the heavy commercial vehicle market and a 3% decline in the light commercial vehicle market.

Domestic Production Rate and Consumer Preferences

As of 2024, the domestic share in automobile sales was 30% and the domestic share in light commercial vehicle sales was 27%. These rates reveal that consumers' interest in domestic products has increased and that domestic production should be supported. Domestic production both ensures economic stability and increases the added value in the sector.

As a result

Production and export figures in the automotive sector in 2024 have shown significant changes. The sector continues to grow despite difficult conditions. Increasing domestic production rates and maintaining competitiveness in international markets are of critical importance for the future of the Turkish automotive industry. In this context, sustainable growth strategies for the automotive sector need to be developed.