Automotive Production Decreased in January

Automotive production decreased in January. Automotive Industry Association (OSD) announced the data for January 2021.

Automotive Industry Association (OSD) announced the production and export numbers and market data for January 2021. According to the data announced, the total production last month decreased by 3 percent compared to the same period of 2020 and was 106 thousand 176 units. Automobile production, on the other hand, decreased by 9 percent and reached 68 thousand 777 units. With the production of tractors, the total production was 110,590 units.   Commercial Vehicle Production Increased In January 2021, commercial vehicle production increased by 8.8 percent compared to the previous year. In January, production increased by 107 percent in the heavy commercial vehicle group, while it increased 5 percent in the light commercial vehicle group. In the said period, the production of commercial vehicles carrying freight and passengers was 37,399, while tractor production was recorded as 4,414 units. Looking at the market, it was observed that the commercial vehicle market increased 62 percent, the light commercial vehicle market 59 percent and the heavy commercial vehicle market 77 percent compared to January last year. According to the base effect, the commercial vehicle market in January was 10 percent below 2017. In January, the total market increased by 61 percent compared to last year and reached 45,230 units. The automobile market, on the other hand, increased by 61 percent and became 35 thousand 358 units. Looking at the averages of the last 10 years, in January 2021, the total market increased 33 percent and the automobile market increased 51 percent, while the light commercial vehicle market fell 5 percent and the heavy commercial vehicle market dropped 14 percent. While the share of domestic vehicles in the automobile market was 34 percent in January, the share of domestic vehicles in the light commercial vehicle market was recorded as 51 percent.   Decrease in Exports According to OSD data, last month automotive exports decreased by 14 percent compared to the same period of 2020, and it was recorded as 77,569 units. Automobile exports decreased by 21 percent to 48 thousand 50 units, while tractor exports decreased by 16 percent to 1.235 units.       This article has contributions of AA.