Car production increased by 34 percent

In the first quarter, total automotive production increased by 21 percent annually to 366 thousand 597 units. Automobile production increased by 34 percent to 222 thousand 51 units. The Automotive Manufacturers Association announced the production and export data for the January-March period. In the first quarter, total automotive production increased by 21 percent annually to 366 thousand 597 units. Automobile production increased by 34 percent to 222 thousand 51 units. With tractor production, total production in the first quarter reached 382 thousand 504 units. The capacity utilization rate of the automotive industry was 74 percent. Total automotive exports increased by 13 percent annually in terms of units, reaching 253 thousand 828 units. Total market increased by 55 percent In the January-March period of 2023, the total market increased by 55 percent compared to the same period of the previous year, reaching 247 thousand 904 units. During this period, the automobile market decreased by 50 percent and was realized as 175 thousand 421 units. In the commercial vehicle group, production increased by 6 percent and 19 percent in the heavy commercial vehicle group in the January-March period of 2023, while it increased by 5 percent in the light commercial vehicle group. Compared to the January-March period of 2022, the commercial vehicle market increased by 68 percent, the heavy commercial vehicle market by 50 percent, and the light commercial vehicle market by 72 percent. 13 percent increase in total exports In the January-March period of 2023, total automotive exports increased by 13 percent in terms of units and automobile exports by 26 percent compared to the same period of the previous year. During this period, total exports were realized as 253 thousand 828 units, and automobile exports were 156 thousand 763 units. According to the data of the Turkish Exporters Assembly, total automotive industry exports ranked first in the sectoral export ranking with 14 percent in the first three months of 2023. In the January-March period of 2023, compared to the same period of the previous year, total automotive exports increased by 17 percent in dollar terms and by 22 percent in euro terms compared to the same period of the previous year. During this period, total automotive exports were realized as 8.8 billion dollars, while automobile exports increased by 24 percent to 2.6 billion dollars. Automobile exports in euro terms increased by 29 percent to 2.4 billion euros.