Automotive started the year with increased production

According to OSD data, automobile production increased by 48 percent to 70,723 units. The Automotive Manufacturers Association (OSD) announced the production and export figures and market data for January 2023. In January, total production increased by 24 percent compared to the same month of the previous year to 111,837 units, while automobile production increased by 48 percent to 70,723 units. With tractor production, total production reached 116,730 units. The commercial vehicle market increased by 51 percent In the first month of the year, commercial vehicle production decreased by 4 percent compared to the same month of the previous year. While production in the heavy commercial vehicle group increased by 56 percent in January, production in the light commercial vehicle group decreased by 8 percent. During this period, commercial vehicle production carrying cargo and passengers decreased by 4 percent, while tractor production increased by 36 percent to 4,893 units. Looking at the market, the commercial vehicle market increased by 51 percent, the light commercial vehicle market increased by 49 percent, and the heavy commercial vehicle market increased by 62 percent compared to January 2022. The market is above the 10-year averages. In January, the total market increased by 35 percent compared to the same period of the previous year, reaching 53 thousand 509 units. In January, the automobile market grew by 29 percent, reaching 37 thousand 288 units. Looking at the last 10-year averages, the total market increased by 55 percent, the automobile market by 51 percent, the light commercial vehicle market by 67 percent, and the heavy commercial vehicle market by 67 percent in January 2022. While the share of domestic vehicles in the automobile market was 31 percent in January, the share of domestic vehicles in the light commercial vehicle market was 44 percent. There is a 17 percent increase in total exports! In January, automotive exports increased by 17 percent in terms of units compared to the same month of 2022, reaching 79 thousand 381 units. Automobile exports increased by 46 percent to 51,122 units. In the same period, tractor exports increased by 25 percent to 1,718 units. According to the Turkish Exporters Assembly (TIM) data, automotive industry exports ranked first in January with a 14 percent share in total exports. Exports of 2.8 billion dollars were realized In January, total automotive exports increased by 23 percent in dollar terms and 29 percent in euro terms compared to the same month of the previous year. During this period, total automotive exports reached 2.8 billion dollars, while automobile exports increased by 40 percent to 874 million dollars. Automobile exports increased by 48 percent in euro terms to 811 million euros. In the same period, main industry exports increased by 26 percent in dollar terms and supply industry exports increased by 20 percent.