Türkiye's Automotive Sector February 2024 Data
Turkey's automotive production, showing a decrease of 2024% in February 9 compared to the same period of the previous year 218.991 This situation provides important clues about the general trends and market dynamics in the sector. The Automotive Manufacturers Association (OSD) has explained the production, export and market data for this period in detail.
Heavy Commercial Vehicle Decline
In the first month of the year, commercial vehicle production It has decreased by 13%. Especially heavy commercial vehicle Production in the group is 54%, light commercial vehicles group experienced a decrease of 8%. This situation reveals the extent of the contraction in the sector. On the other hand, the automotive industry capacity utilization rate It remained at 62%. In the evaluations made on the basis of vehicle groups, capacity utilization was observed at 64% in light vehicles (cars + light commercial vehicles), 26% in the truck group, 56% in the bus-midibus group and 43% in tractors.
Change in Automotive Exports
In the January-February period, automotive exports decreased by 4% in terms of units compared to the same period last year. 158.168 During this period, automobile export While the export of commercial vehicles decreased by 7%, the export of tractors increased by 1%. 1.652 These data clearly show the impact of demand changes and the competitive environment in foreign markets on the automotive sector.
Automotive is at the top of Sectoral Exports
The automotive industry maintains its top position in the sectoral export ranking with a share of 16% in February. In the first two months of the year, total automotive exports decreased by 2024% compared to the same period in 1. 5,9 billion dollars In Euro terms, it decreased by 2% 5,4 billion euros During this period, while main industry exports decreased by 3% in dollar terms, supply industry exports increased by 2%.
Market Data Stagnation
In the first two months of the year, the total market shrank by 2024% compared to the same period in 15. 164.324 level. During this period, automobile market By shrinking by 10% 131.965 The market has shrunk by 31% in total commercial vehicles, 35% in heavy commercial vehicles and 30% in light commercial vehicles. Last month, the share of domestic vehicles in automobile sales was 33% and 25% in the light commercial vehicle market.
The Future of the Automotive Industry
The automotive sector is an important part of the Turkish economy and developments in this area also affect the general economic situation. Investing in innovative technologies, diversifying export markets and encouraging domestic production are of great importance for the sector to grow again. The production of electric and hybrid vehicles in particular plays a critical role in the future of the Turkish automotive industry.
Innovative Approaches in the Automotive Industry
Türkiye is turning to innovative approaches in the automotive sector and is focusing on R&D studies in this direction. Electric vehicles ve autonomous driving systems Technologies such as these are the elements that will shape the future of the sector. In this context, companies in the automotive industry need to adapt to these new technologies in order to compete both domestically and internationally.
Industry Impact on Employment
The automotive sector also plays an important role in terms of employment in Türkiye. The contraction in the sector has negative effects on the labor market. Therefore, the revival of the sector is of great importance in terms of reducing unemployment and creating new employment opportunities. Domestic Production and innovation are critical to increasing employment.
In summary, Türkiye's automotive sector, despite facing various challenges, offers significant opportunities in the future. Innovative approaches and sustainable production methods are the elements that will support growth in the sector. The development of the sector is of great importance both economically and socially.
