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ODD, Automotive Distributors' Association, Turkey Passenger Car and Light Commercial Vehicle Market, 2016, First 6 Months


News provided by

Automotive Distributers' Association (ODD)

13 Jul, 2016, 09:00 GMT

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ISTANBUL, July 13, 2016 /PRNewswire/ --

Passenger Car and Light Commercial Vehicle Market showed an increase of 1.5% in the first 6 months of 2016. 

While Passenger Car Market Increased By 3%, Light Commercial Vehicle Market Decreased By 4%.   

In the first six months of 2016, Turkey's passenger car and light commercial vehicle total market increased by 1.45% compared to the same period of the previous year, to 438,817. A total market sales figure of 432,550 had been reached in the six-month period of 2015.

Passenger car sales went up by 3.24% in the first six-months of 2016, compared to the same period of the previous year, to 338,482. The sales had reached 327,846 in the same period of 2015.

In the first six months of 2016, light commercial vehicle market decreased by 4.17%, in comparison to the previous year, to 100,335. The sales had reached 104,704 in the same period of the previous year.

Passenger Car and Light Commercial Vehicle Market Achieved a growth of 6% in June, 2016.

Passenger Car Market Has Increased By 5%, Light Commercial Vehicle Market Has Increased By 11%. 

Passenger car and light commercial vehicle market reached 91,540 in June 2016. The sales went up in a ratio of 6.25% in comparison to the total number of 86,158 in June 2015 in the passenger car and light commercial vehicle market.

In June 2016, passenger car sales went up by 4.94% in comparison to the same month of the previous year and reached 71,111. The sales had reached 67,766 in the previous year.

Light commercial vehicle market increased by 11.08% in June 2016 compared to June 2015 and reached 20,429. Last year, the sales had reached 18,392.

An increase of 3.82% in the sales of passenger cars below 1600cc was observed as of June 2016. A decrease of 5.27% in the sales of passenger cars with a 1600-2000cc engine volume was observed in the same period. As for the sales of the passenger cars over 2000cc, a decrease of 26.23% was observed. 19 electric vehicles were sold in the first six months of 2016.

When classified according to the average emission values of the passenger car market, the passenger cars between 100-120g/km took the largest piece of the pie with a ratio of 46.57% and with a number of 157,631 in the end of June 2016.

Diesel passenger car sales grabbed a share of 63.44%, while the automatic transmission passenger cars increased to 57.31% in the end of June 2016.

81.69% of the passenger car market segment consisted of the passenger cars in the A, B and C segments whose tax ratios are low again in the end of June 2016. When evaluated according to the segments, Segment C with a share of 50.11% reached the highest sales volume (169,625). When evaluated according to the frame types, most preferred body type was Sedan again (48.85%, a quantity of 165,364).

When evaluated according to the body types in Light Commercial Vehicle Market, Van's with a share of 70.76% had the highest sales volume (70,998), Light trucks followed them with a share of 11.98% (12,025) while the share of Minibuses was 9.46% (9,494) and the share of Pick-ups was 7.79% (7,818) in the end of June 2016.

In the second half of 2016; 

  • The monetary policy that is going to be followed by U.S. Federal Reserve Bank (FED) depending on the economic progress,
  • Political and economic progress in EU after Brexit,
  • The monetary policy that is going to be followed by European Central Bank (ECB) in parallel with economic progress in EU,
  • Developments in China and their influence on developing countries,
  • Improvement in inflation and current account deficit in Turkey,
  • Geopolitical developments,
  • Steps that are going to be taken in respect of structural reforms,
  • Improvement and growth rates of economic activity will be decisive.

We foresee that the total market of the automotive industry for the year 2016 to be between 950 thousand to 1 million in quantity.

Turkey's passenger car and light commercial vehicle total market presented a sales number of 438,817 in the first six months of 2016. In comparison to the total number of 432,550 in the passenger car and light commercial vehicle market in the same period of 2015, the sales went up in a ratio of 1.45%.

Passenger car and light commercial vehicle market presented a sales number of 91,540 in June 2016. In comparison to the total number of 86,158 in the passenger car and light commercial vehicle market in June 2015, the sales went up in a ratio of 6.25%.

Passenger car and light commercial vehicle market showed an increase of 41.93% in comparison to the average 10-year June sales.  

In the first six months of 2016, Passenger car sales went up by 3.24% in comparison to the same period of the previous year and reached 338,482 in Turkey's automotive market. The sales had reached 327,846 in the same period of the previous year.

In June 2016, passenger car sales went up by 4.94% in comparison to the same month of the year before and reached 71,111. The sales had reached 67,766 in June of the previous year.

The passenger car market showed an increase of 56.0% in comparison to the average 10-year June sales.  

In January-June period of 2016, light commercial vehicle sales decreased by 4.17% in comparison to the same period of the previous year, to 100,335 in Turkey's automotive market. The sales had reached 104,704 in the same period of the previous year.

In June 2016, light commercial vehicle sales increased by 11.08% in comparison to the same month of the previous year, to 20,429. The sales had reached 18,392 in June 2015.

The light commercial vehicle market showed an increase of 8.01% in comparison to the average 10-year June sales.  

When the end of June 2016 passenger car market is studied in terms of engine volume, the biggest slice of the pie was gotten by passenger cars under 1600cc with a ratio of 96.31% and a number of 325,993. Passenger cars between 1600 to 2000cc followed them with a ratio of 3.06% and passenger cars above 2000cc with a ratio of 0.62%. In comparison with the same period of 2015, an increase of 3.82% in the sales of passenger cars below 1600cc and a decrease of 5.27% in the sales of passenger cars with a 1600-2000cc engine volume was observed. As for the sales of passenger cars over 2000cc, a decrease of 26.23% was observed. 2 electric cars below 85kW engine power and 17 electric cars above 121 kW engine power were sold in the first six months of 2016.

   
    ENGINE
    VOLUME   ENGINE TYPE End of June 2015    End of June 2016    Change  SCT      VAT
                         Qty       Segment   Qty       Share
    less
    than or
    equal to
    1600cc   B/D         314,008   95.78%    325,993   96.31%    3.82%   45%      18%
    1601cc -
    less
    than or
    equal to
    2000cc   B/D         10,937    3.34%     10,361    3.06%     -5.27%  90%      18%
    greater
    than or
    equal to
    2001cc   B/D         2,859     0.87%     2,109     0.62%     -26.23% 145%     18%
    less
    than or
    equal to
    85 kW    ELECTRIC    12        0.00%     2         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    30        0.01%     17        0.01%             15%      18%
    Sum                  327,846   100.00%   338,482   100.00%   3.24%   TAX RATES

When the end of June 2016 passenger car market is studied in terms of average emission values, passenger cars between 100-120 gr/km have the highest share of 46.57% (157,631) and passenger cars between 120-140 gr/km followed them with a share of 24.70% (83,612).

   
    CO2 AVERAGE
    EMISSION VALUES
    (gr/km)             End of June 2015          End of June 2016         Change
                        Qty          Share        Qty        Share
    < 100 gr/km         32,200       9.82%        44,437     13.13%        38.00%
    greater than or
    equal to 100 - <
    120 gr/km           138,358      42.20%       157,631    46.57%        13.93%
    greater than or
    equal to 120 - <
    140 gr/km           96,470       29.43%       83,612     24.70%        -13.33%
    greater than or
    equal to 140 - <
    160 gr/km           47,532       14.50%       41,845     12.36%        -11.96%
    greater than or
    equal to 160 gr/km  13,286       4.05%        10,957     3.24%         -17.53%
    Sum                 327,846      100.00%      338,482    100.00%       3.24%

In comparison to the previous year, diesel passenger car sales increased by 7.79% at the end of June 2016. When compared to the same period of 2015, diesel share in passenger car sales at the end of June 2016 increased from 60.76% to 63.44% (214,724).

   
    DIESEL           End of June 2015           End of June 2016         Change
                                  Share in                 Share in
                     Qty          Segment       Qty        Segment
    A (Mini)         9            0.41%         0          0.00%         -100.00%
    B (Entry)        58,185       56.83%        65,324     61.73%        12.27%
    C (Compact)      108,817      63.63%        111,581    65.78%        2.54%
    D (Medium)       25,540       64.74%        30,967     63.55%        21.25%
    E (Luxury)       4,728        44.33%        4,943      45.49%        4.55%
    F (Upper Luxury) 1,923        90.24%        1,909      80.11%        -0.73%
    Sum              199,202      60.76%        214,724    63.44%        7.79%

In comparison to the same period of 2015, sales number of passenger cars with automatic transmission increased by 20.05% at the end of June 2016. When compared to the same period of 2015, passenger cars with automatic transmission sales share increased from 49.29% to 57.31% at the end of June 2016 (a number of 193,991).

   
    AUTOMATIC
    TRANSMISSION       End of June 2015           End of June 2016         Change
                                    Share in                 Share in
                       Qty          Segment       Qty        Segment
    A (Mini)           1,639        74.81%        850        80.80%        -48.14%
    B (Entry)          33.432       32.65%        42.254     39.93%        26.39%
    C (Compact)        80,518       47.08%        93,745     55.27%        16.43%
    D (Medium)         33,213       84.19%        43,894     90.08%        32.16%
    E (Luxury)         10,663       99.97%        10.865     100.00%       1.89%
    F (Upper Luxury)   2,131        100.00%       2,383      100.00%       11.83%
    Sum                161,596      49.29%        193,991    57.31%        20.05%

81.69% of the passenger car market segment again consisted of the passenger cars in A, B and C segments whose tax ratios are low again at the end of June 2016. When evaluated according to the segments, Segment C with a share of 50.11% has the highest sales volume (169,625) and Segment B follows it with a share of 31.27% (105,829).

When the end of June 2016 Passenger Car Market is evaluated according to the frame type, the most preferred body type was Sedan again (48.85%, a quantity of 165,364). Following Sedan, passenger cars with Hatchback frame had a share of 30.09% with a sales volume of 101,856 and SUV cars had a share of 15.69% with a sales volume of 53,103.

When the end of June 2016 Light Commercial Vehicle Market is evaluated according to the body type, Van's with a share of 70.76% had the highest sales volume (70,998), Light trucks followed them with a share of 11.98% (12,025) while the share of Minibuses was 9.46% (9,494) and the share of Pick-ups was 7.79% (7,818).

   
    LIGHT COMMERCIAL
    VEHICLE BODY TYPE
    ANALYSIS           End of June 2015          End of June 2016         Change
                       Qty          Share        Qty        Share
    VAN                74,825       71.46%       70,998     70.76%        -5.11%
    LIGHT TRUCK        12,855       12.28%       12,025     11.98%        -6.46%
    MINIBUS            11,010       10.52%       9,494      9.46%         -13.77%
    PICK-UP            6,014        5.74%        7,818      7.79%         30.00%
    Sum                104,704      100.00%      100,335    100.00%       -4.17%

OVERVIEW OF 2016: 

According to April 2016 estimations of IMF World Economic Outlook Report, 2016 growth estimation for the World is 3.2%. The report suggests that 2016 growth rates of the U.S., pacemaker of the world economy will be 2.4%. The figures for Europe are estimated to increase by 1.5% in 2016 which is crucial for the Turkish economy.

LMC Automotive, by 2016, 1st quarter, has published 2016 expectations and World passenger car market estimations for 2017. According to the 1st quarter results of 2016, World total passenger car market is expected to show an increase of 2.9% in comparison to the last year and to reach a number of 95.0 M. In 2017, World automotive market is expected to show an increase of 2,2% and reach a number of 97.0 M in comparison to 2016.

LMC Automotive, by 2016, 1st quarter, has published 2016 expectations and World automotive manufacture estimations for 2017. According to the 1st quarter results of LMC Automotive, 2016 World automotive manufacture showed an increase of 3.1% in comparison to the last year and reached a number of 94.7 M. In 2017, World automotive manufacture is expected to show an increase of 2.3% and reach a number of 96.8 M in comparison to 2016.

According to the Medium Term Program published in January 2016, Turkey's growth rate is expected to be around 4.5% in 2016. According to IMF estimations, Turkey's growth rate for 2016 is expected to be 3.8%.

We foresee that the automotive industry's total market for the year 2016 to be between 950 thousand and 1 million in quantity.

Hayri ERCE, PhD.
Executive Coordinator
Automotive Distributors' Association

Contact Name:
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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