Automotive manufacturing elevated 37 % in July

Automotive manufacturing elevated 37 % in July

Automotive manufacturing elevated 37 % in July

The automotive trade’s manufacturing recorded a 37.4 % enhance in July from a 12 months in the past to almost 94,000 models, knowledge from the Automotive Producers’ Affiliation (OSD) have proven.


Native corporations’ passenger automotive output rose by 41.5 % on an annual foundation to 51,243, the OSD mentioned, including that industrial automobile manufacturing grew practically 33 % to 42,400 models.

The automotive market expanded 11.2 % year-on-year as a complete of 55,300 autos had been bought final month. Passenger automotive gross sales grew 13 % in July from the identical month of 2021 to greater than 41,000 models.

Türkiye imported some 30,000 autos final month, up 1.2 %, with passenger automotive imports rising 2.2 % to 23,300.

Final month, the native automotive trade boosted its exports by 16.2 % on an annual foundation because it delivered 59,600 autos to international markets, and the sector’s whole export revenues amounted to $2.1 billion, up 3.5 % from July 2021.

Passenger automotive exports additionally rose by 4 % to greater than 27,000 models, however revenues from passenger automotive exports plunged 7.2 % year-on-year to $516 million.

The automotive trade produced 743,000 autos from January via July this 12 months, up from 708,000 autos manufactured in the identical interval of 2021.


Passenger automotive output within the first seven months of the 12 months, nevertheless, plunged 4 % year-on-year to 434,000 models.

From January to July, a complete of 431,000 autos had been bought on the native market, marking a 6.7 % decline from a 12 months in the past, with the gross sales of passenger automobiles falling 4 % to 434,000 models.

The automotive trade’s export revenues elevated by 5.1 % in January-July on an annual foundation to succeed in $17.6 billion. However passenger automotive exports declined 7.1 % to $5 billion.

Turkish, Financial system,

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