Passenger Car Market Decreased By 3%, Light Commercial Vehicle Market Increased By 1.5%.

 

 

Turkey’s passenger car and light commercial vehicle total market decreased by 2.27%  in the first eight months of 2017 compared to the same period of the previous year, to 555,991. In the eight-month period of 2016, total market sales figure was 568,906.

Passenger car sales went down by 3.38% in the first eight months of 2017, compared to the same period of previous year, to 423,198. In the same period of 2016, the sales were 438,025.

In January-August period of 2017, light commercial vehicle market increased by 1.46%, in comparison to the year before, to 132,793. In the same period of previous year, the  sales were 130,881.

 

Passenger Car and Light Commercial Vehicle Market

Showed an Increase of 1.4% in August 2017.

Passenger Car Market Increased By 2%, Light Commercial Vehicle Market Increased By 0.4%.

 

 

In August 2017, passenger car and light commercial vehicle market increased to 72,536. In comparison to the total number of 71,556 in August 2016, the sales went up in a ratio  of 1.37%.

In August 2017, passenger car sales went up by 1.69% in comparison to the same month of the year before and were 54,890. Last year, the sales were 53,977.

Light commercial vehicle market increased by 0.38% in August 2017 compared to August 2016, to 17,646. Last year, the sales were 17,579.

By the end of August 2017, a decrease of 3.6% in the sales of passenger cars below 1600cc and a decrease of 0.9% in the sales of passenger cars with a 1600-2000cc motor volume  was observed. As for the sales of the passenger cars over 2000cc, a decrease of 49.9% was observed. 40 electric cars and 2,359 hybrid passenger cars were sold in the first eight months of 2017.

When the average emission values of the passenger car market in the end of August 2017 are considered, the passenger cars between 100-120g/km took the largest share with a ratio of 42.5%, with a number of 179,862.

At the end of August 2017, diesel passenger car sales share decreased to 61.5%, while the automatic transmission passenger car sales share increased to 58.0%.

At the end of August 2017, 83.9% of the passenger car market segment again consisted of the vehicles in the A, B and C segments. When evaluated according to segments, Segment C with a share of 52.5% reached the highest sales volume (220,769). When evaluated according to frame, most preferred body type was again Sedan (49.4%, a quantity of 209,202).

At the end of August 2017, when evaluated according to body type, Van’s with a share of 69.8% had the highest sales volume (92,691), Light trucks followed them with a share of 12.2% (16,197) while the share of Minibuses was 8.7% (12,333) and the share of Pick-ups was 8.7% (11,572) in light commercial vehicle market.

In the second half of 2017;

  • The developments in the US, normalisation process in FED’s monetary policy, the expectation of an increase in interest rates in parallel to the recovery in the economy,
  • The progress in EU economy and the monetary policy that the European Central Bank (ECB) is going to carry out,
  • The effect of Brexit on EU and the other countries,
  • The slowdown in China’s economy and its effect on emerging countries,
  • Geopolitical developments,
  • Central  Bank  of  Turkey’s  monetary  policy  and  determination  to  fight   against

inflation,

  • The improvement in current account deficit,
  • The actions to be taken regarding structural reforms,
  • The improvement and growth rate of the economic activity

 

will be effective.

In 2017, total market of automotive sector is expected to be between 875-925  thousand.

 


 

In the first eight months of 2017, Turkey's passenger car and light commercial vehicle total market presented a sales number of 555,991. In comparison to the total number of 568,906 in August 2016, the sales went down in a ratio of 2.27%.

In August 2017, passenger car and light commercial vehicle market presented a sales number of 72,536. In comparison to the total number of 71,556 in August 2016, the sales went up in a ratio of 1.37%.

The passenger car and light commercial vehicle market, in comparison to the average 10-year August sales, showed an increase of 23.46%.

 

 

In the first eight months of 2017, passenger car sales went down by 3.38% in  comparison to the same period of previous year and were 423,198. In the same period of previous year, the sales were 438,025.

In August 2017, passenger car sales went up by 1.69% in comparison to the same month of the year before and were 54,890. In August 2016, the sales were 53,977.

The passenger car market, in comparison to the average 10-year August sales, showed an increase of 33.26%.

 

 

In January-August period of 2017, light commercial vehicle sales increased by 1.46% in comparison to the same period of the last year, to 132,793. In the same period of  previous year, the sales were 130,881.

In August 2017, light commercial vehicle sales increased by 0.38% in comparison to the same month of previous year, to 17,646. In August 2016, the sales were 17,579.

The light commercial vehicle market, in comparison to the average 10-year August sales, showed an increase of 0.48%.

 

 

When the end of August 2017 passenger car market is studied in terms of engine volume, the biggest slice of the pie was taken by passenger cars under 1600cc with a ratio of 96.0% and a number of 406,196. Passenger cars between 1600cc to 2000cc followed them with a ratio of 3.1% and passenger cars above 2000cc with a ratio of 0.3%. In comparison with the same period of 2016, a decrease of 3.6% in the sales of passenger cars below 1600cc and decrease of 0.9% in the sales of passenger cars with a 1600-2000cc motor volume was observed. As for the sales of the passenger cars over 2000cc, a decrease of 49.9% was observed. 20 electric cars below 85kW engine power and 20 electric cars above 121 Kw, total 40 electric cars were sold in the first eight months of 2017.

At the end of August 2017, 204 hybrid cars under 1600cc, 2,013 hybrid cars between 1601cc<=1800cc (>50 kW), 36 hybrid cars between 1801cc to 2000cc, 99 hybrid cars between 2001cc – 2500cc (>100KW) and 7 hybrid cars above 2500cc were sold. 2,359  hybrid cars were sold in January-August period of 2017.

 

OVERVIEW OF 2017;

 

According to July 2017 estimations of IMF World Economic Outlook Report, growth estimation for the world is 3.5% in 2017. The report suggests that the growth rates of the U.S., pacemaker of the world economy will be 2.1% in 2017. The figures for Europe are estimated to increase by 1.9% in 2017 which is crucial for the Turkish economy.

LMC Automotive, by 2017’s 2nd quarter, has published 2017 expectations and world passenger car market estimations for 2018. According to the 2nd quarter results of 2017, world total passenger car market is expected to show an increase of 2.5% in comparison to the previous year and to reach a number of 98.8 M. In 2017, world automotive market is expected to show an increase of 1.4% and reach a number of 100,1 M in comparison to 2016.

LMC Automotive, by 2017’s 2nd quarter, has published 2017 expectations and world automotive manufacture estimations for 2018. According to the 2nd quarter results of LMC Automotive, 2017 world automotive manufacture showed an increase of 2.2% in comparison to the previous year and reached a number of 98.5 M. In 2018, world automotive manufacture is expected to show an increase of 1,6% and reach a number of 100,1 M in comparison to 2017.

According to the Medium Term Program published in October 2016, Turkey's growth rate is expected to be around 4.4% in 2017.

We foresee that the automotive industry's total market for the year 2017 to be between 875-925 thousand in quantity.

 

Source: ODD( Automotive Distributors Association)