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ODD, Automotive Distributors' Association, Turkey Passenger Car and Light Commercial Vehicle Market, 2015 Third Quarter


News provided by

ODD - Automotive Distributers Association Turkey

06 Oct, 2015, 07:00 GMT

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ISTANBUL, October 6, 2015 /PRNewswire/ --

Passenger Car and Light Commercial Vehicle Market Showed a Decrease of 4% in September, 2015.

Passenger Car Market Decreased 4%, Light Commercial Vehicle Market Decreased 2%

In September, 2015, passenger car and light commercial vehicle market decreased to 64,025. In comparison to the total number of 66,531 in September, 2014 passenger car and light commercial vehicle market, the sales went down in a ratio of 3.77%.

In September, 2015, passenger car sales went down by 4.41% in comparison to the same month of the year before and became 47,088. Last year, the sales reached 49,262.

Light commercial vehicle market decreased 1.92% in September, 2015 compared to September, 2014 to 16,937. Last year, the sales reached 17,269.

Passenger Car and Light Commercial Vehicle Market 

Showed an Increase of 40% in the First 9 Months of 2015. 

Passenger Car Market Increased 37%, Light Commercial Vehicle Market Increased 52%.  

Turkish passenger car and light commercial vehicle total market increased 40.02% in the first nine months of 2015 compared to the same period of the previous year, to 662,988. In the nine-month period of 2014, a total market sales figure of 473,498 was reached.

Passenger car sales went up 36.57% in January-September period of 2015, compared to the same period of the last year, to 500,905. In the same period of 2014, the sales reached 366,768.

In the first nine months of 2015, light commercial vehicle market increased 51.86%, in comparison to the year before, to 162,083. In the same period last year, the sales reached 106,730.

In the first nine-month period of 2015, an increase of 37.98% in the sales of passenger cars below 1600cc and an 8.81% in the sales of passenger cars with a 1600-2000cc engine volume was observed. As for the sales of the passenger cars over 2000cc, an increase of 14.99% was observed. In the first nine-month period of 2015, a total of 82 electric cars, of which 14 were below 85kW engine power and 68 were above 121 kW engine power, were sold.

When the average emission values of the passenger car market in the first nine months of 2015 are considered, the passenger cars between 100-120g/km took the largest piece of the pie with a ratio of 41.63% and with a number of 208,531.

In the first nine-month period of 2015, diesel passenger car sales decreased to 61.58%, while the automatic transmission passenger cars increased to 48.81%.

In the January-September period of 2015, 83,58% of the passenger car market segment consisted of the vehicles in the A, B and C segments whose tax ratios are low. When evaluated according to segments, Segment C with a share of 52.49% reached the highest sales volume (262,928). When evaluated according to frame, most preferred body type was again Sedan (48.89%, a quantity of 244,881).

In January-September period of 2015, when evaluated according to body type, Van's with a share of 70.70% had the highest sales volume (114,598), Light trucks followed them with a share of 12.18% (19,744) while the share of Minibuses was 11.43% (18,525) and the share of Pick-ups was 5.69% (9,216) in light commercial vehicle market.

Passenger car and light commercial vehicle total market increased 40.02% in January-September period of 2015 compared to the same period of 2014, to 662,988 with a base effect. 

In the last 3 months of 2015; 

  • Expectation on interest-rate increase by U.S. Federal Reserve Bank (FED), 
  • Geopolitical developments, 
  • Improvement in current account deficit,  
  • Approaching general electoral process, 

will be decisive. 

We foresee that the automotive industry's total market for the year 2015 to be between 900 and 950 thousand  in quantity. 

Hayri ERCE, PhD. 
Executive Coordinator 
Automotive Distributors' Association 

In the first nine months of 2015, Turkey's passenger car and light commercial vehicle total market presented a sales number of 662,988. In comparison to the total number of 473,498 in the same period of 2014 in the passenger car and light commercial vehicle market, the sales went up in a ratio of 40.02%.  

In September, 2015, passenger car and light commercial vehicle total market decreased to 64,025. In comparison to the total number of 66,531 in September, 2014 passenger car and light commercial vehicle market, the sales went down in a ratio of 3.77%.

The passenger car and light commercial vehicle market, in comparison to the average 10-year September sales, showed an increase of 5.06%. 

In the first nine-month period of 2015, passenger car sales went up by 36.57% in comparison to the same period of the year before and became 500,905 in Turkey's automotive market. In the same period last year, the sales reached 366,768.

In September 2015, passenger car sales went down by 4.41% in comparison to the same month of the year before and became 47,088. In September of the last year, the sales reached 49,262.

The passenger car market, in comparison to the average 10-year September sales, showed an increase of 16.33%.  

In January-September period of 2015, light commercial vehicle sales increased 51.86% in comparison to the same period of the last year, to 162,083 in Turkey's automotive market. In the same period last year, the sales reached to 106,730.

In September 2015, light commercial vehicle sales decreased 1.92% in comparison to the last year, to 16,937. In September of the last year, the sales reached 17,269.

The light commercial vehicle market, in comparison to the average 10-year September sales, showed a decrease of 17.23%.  

When January-September period of 2015 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 95.88% and a number of 480,288. Passenger cars between 1600 to 2000cc followed them with a ratio of 3.25% and passenger cars above 2000cc with a ratio of 0.85%. In comparison with the same period of 2014, an increase of 37.98% in the sales of passenger cars below 1600cc and 8.81% in the sales of passenger cars with a 1600-2000cc motor volume was observed. As for the sales of the passenger cars over 2000cc, an increase of 14.99% was observed. In the first nine-month period of 2015, 14 electric cars below 85kW engine power and 68 electric cars above 121 kW engine power were sold.

   
     ENGINE   ENGINE
     VOLUME    TYPE    2014'September (End)  2015'September (End)  Change   SCT     VAT
                          Qty      Segment      Qty      Segment
      less
    than or
    equal to
     1600cc     B/D     348,083     94.91%     480,288     95.88%   37.98%   45%     18%
    1601cc -
      less
    than or
    equal to
     2000cc     B/D      14,966      4.08%      16,285      3.25%    8.81%   90%     18%
    greater
    than or
    equal to
     2001cc     B/D       3,696      1.01%       4,250      0.85%   14.99%  145%     18%
      less
    than or
    equal to
     85 kW   ELECTRIC        20      0.01%          14      0.00%             3%     18%
     86kW -
      less
    than or
    equal to
     120kW   ELECTRIC         0      0.00%           0      0.00%             7%     18%
    greater
    than or
    equal to
     121kW   ELECTRIC         3      0.00%          68      0.01%             15%    18%
           Sum          366,768    100.00%     500,905    100.00%   36.57%    TAX RATES

When the January-September period of 2015 car market is studied in terms of average emission values, passenger cars between 100-120 gr/km have the highest share of 41.63% (208,531) and following this, passenger cars between 120-140 gr/km have a share of 29.28% (146,663).

   
       CO2 AVERAGE
     EMISSION VALUES
         (gr/km)           2014'September (End)        2015'September (End)   Change
                             Qty          Segment       Qty        Segment
       < 100 gr/km          38,226         10.42%       54,050       10.79%     41.40%
     greater than or
     equal to 100 - <
        120 gr/km          143,973         39.25%      208,531       41.63%     44.84%
     greater than or
     equal to 120 - <
        140 gr/km          115,629         31.53%      146,663       29.28%     26.84%
     greater than or
     equal to 140 - <
        160 gr/km           50,807         13.85%       72,030       14.38%     41.77%
     greater than or
    equal to 160 gr/km      18,133          4.94%       19,631        3.92%      8.26%
           Sum             366,768        100.00%      500,905      100.00%     36.57%

Diesel passenger car sales in January - September period in 2015 increased 32.77% in comparison to the same period last year. Diesel share in passenger car sales in the nine-month period of 2015, when compared to the same period of 2014, decreased from 63.34% to 61.58% (308,457).

   
         DIESEL          2014'September (End)        2015'September (End)   Change
                                     Share in the             Share in the
                           Qty          Segment       Qty        Segment
        A (Mini)             13          0.46%           11       0.35%    -15.38%
       B (Entry)         66,664         59.44%       86,642      56.79%     29.97%
      C (Compact)       131,113         68.59%      170,702      64.92%     30.19%
       D (Medium)        26,086         57.15%       41,211      65.34%     57.98%
       E (Luxury)         6,309         49.82%        6,785      43.00%      7.54%
    F (Upper Luxury)      2,144         92.97%        3,106      91.00%     44.87%
          Sum           232,329         63.34%      308,457      61.58%     32.77%

In 2015 January - September period automatic gearbox passenger car sales numbers, in comparison to the same period in 2014, increased 47.67%. In 2015, automatic transmission passenger car sale shares in nine months, in comparison to last year, increased from 45.14% to 48.81% (a number of 244,475).

   
        AUTOMATIC
       TRANSMISSION        2014'September (End)        2015'September (End)   Change
                                       Share in the             Share in the
                             Qty          Segment       Qty        Segment
         A (Mini)           1,937         68.47%        2,398      76.08%     23.80%
        B (Entry)          31,003         27.64%       50,498      33.10%     62.88%
       C (Compact)         83,485         43.67%      122,552      46.61%     46.80%
        D (Medium)         37,162         81.42%       54,038      85.68%     45.41%
        E (Luxury)          9,715         76.72%       11,585      73.42%     19.25%
     F (Upper Luxury)       2,249         97.53%        3,404      99.74%     51.36%
           Sum            165,551         45.14%      244,475      48.81%     47.67%

In the January-September period of 2015, 83,58% of the passenger car market segment consisted of the vehicles in the A, B and C segments whose tax ratios are low. When evaluated according to segments, Segment C with a share of 52.49% has the highest sales volume (262,928) and Segment B follows it with a share of 30.46% (152,564).

In January-September period of 2015, when evaluated according to frame, most preferred body type was again Sedan (48.89%, a quantity of 244,881). Following Sedan passenger cars, Hatchback frame with a share of 31.76% and a sales volume of 159,079 and SUV with a share of 13.97% and total sales volume of 69,969.

In January-September period of 2015, when evaluated according to body type, Van's with a share of 70.70% had the highest sales volume (114,598), Light trucks followed them with a share of 12.18% (19,744) while the share of Minibuses was 11.43% (18,525) and the share of Pick-ups was 5.69% (9,216) in light commercial vehicle market.

   
     LIGHT COMMERCIAL
     VEHICLE BODY TYPE
         ANALYSIS           2014'September (End)        2015'September (End)   Change
                              Qty          Segment       Qty        Segment
            VAN             73,095         68.49%      114,598      70.70%     56.78%
        LIGHT TRUCK         11,564         10.83%       19,744      12.18%     70.74%
          MINIBUS           13,234         12.40%       18,525      11.43%     39.98%
          PICK-UP            8,837          8.28%        9,216       5.69%      4.29%
            Sum            106,730        100.00%      162,083     100.00%     51.86%

OVERVIEW OF 2015; 

According to July 2015 estimations of IMF World Economic Outlook Report, 2015&2016 growth rate estimations for the World is 3.3% and 3.8%, respectively. The report suggests that 2015 and 2016 growth rates of the U.S., pacemaker of the world economy will be 2.5% and 3.0% respectively. It is also estimated that Turkish automotive industry exports to Europe which is crucial for the Turkish economy will increase 1.5% in 2015 and 1.7% in 2016.

LMC Automotive has published 2015&2016 World automotive market estimations as of 2015, 2nd quarter. According to the 2nd quarter results for 2015, 2015 World total passenger car market is expected to show an increase of 1.5% in comparison to the last year and reach a number of 91.8 M. In 2016, World automotive market is expected to show an increase of 4.8% and reach a number of 96.3 M in comparison to the last year.

LMC Automotive has published 2015&2016 World automotive manufacture estimations as of 2015, 2nd quarter. According to the 2nd quadrant results of LMC Automotive, 2015 World automotive manufacture is expected to show an increase of 2.0% in comparison to the last year and reach a number of 92.6 M. In 2016, World automotive manufacture is expected to show an increase of 4.4% and reach a number of 96.7 M in comparison to the last year.

According to the Medium Term Program published in October 2014, Turkey's growth rate is expected to be around 4.0% in 2015 and 5.0% in 2016. According to IMF estimations, Turkey's growth rates for 2015 and 2016 are expected to be 3.1% and 3.6%, respectively.

We foresee that the automotive industry's total market for the year 2015 to be between 900 and 950 thousand in quantity. 

Contact:
Ms. Saadet Alpago
Marketing&Communication Manager
Ph: +90-212-288-61-94
saadet@odd.org.tr

http://www.odd.org.tr

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