ODD, Automotive Distributors' Association, Turkey Passenger Car and Light Commercial Vehicle Market, Half of the Year 2015

Jul 07, 2015, 05:00 ET from ODD - Automotive Distributers Association Turkey

ISTANBUL, July 7, 2015 /PRNewswire/ --

Passenger Car and Light Commercial Vehicle Market Showed an Increase of 51% in First 6 Months of 2015

Passenger Car Market Increased 45%, Light Commercial Vehicle Market Increased 71%.  

Turkish passenger car and light commercial vehicle total market increased 50.79% in the first six months of 2015 compared to the same period of the previous year, to 432,550. In the six-month period of 2014, a total market sales figure of 286,861 was reached.

Passenger car sales went up 45.21% in January-June period of 2015, compared to the same period of the last year, to 327,846. In the same period of 2014, the sales reached 225,773.

In the first six months of 2015, light commercial vehicle market increased 71.4%, in comparison to the year before, to 104,704. In the same period last year, the sales reached 61,088.

Passenger Car and Light Commercial Vehicle Market  

showed an increase of 43% in June 2015.  

June, 2015 passenger car and light commercial vehicle market reached 86,158. In comparison to the total number of 60,163 in June 2014 in the passenger car and light commercial vehicle market, the sales went up in a ratio of 43.21%.

In June 2015, passenger car sales went up by 43.34% in comparison to the same month of the year before and became 67,766. 

Light commercial vehicle market increased 42.74% in June 2015 compared to June 2014, to 18,392. 

In the first six -month period of 2015, an increase of 46.82% in the sales of passenger cars below 1600cc and an increase of 15.58% 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 17.46% was observed. In the first six-month period of 2015, 12 electric cars below 85kW engine power and 30 electric cars above 121 kW engine power were sold.

When the average emission values of the passenger car market in the first six months 2015 are considered, the passenger cars between 100-120g/km took the largest piece of the pie with a ratio of 42.20% and with a number of 138,358.

In the first six-month period of 2015, diesel passenger car sales decreased to 59.88%, while the automatic transmission passenger cars had a share of 47.80%.

In January-June period of 2015, 84.06% of the passenger car market segment again 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 52.16% reached the highest sales volume (171,019). When evaluated according to frame, most preferred body type was again Sedan (49.36%, a quantity of 161,820).

In January-June period of 2015, when light commercial vehicle market is evaluated according to body type, Van's with a share of 71.46% had the highest sales volume (74,825), Light trucks followed them with a share of 12.28% (12,855) while the share of Minibuses was 10.52% (11,010) and the share of Pick-ups was 5.74% (6,014).

Passenger car and light commercial vehicle total market increased 50.79% in January-June period of 2015 compared to the same period of 2014, to 432,550 with a base effect. 

In the second half of 2015; 

  • Expectation on interest-rate increase by U.S. Federal Reserve Bank (FED) in parallel with economic recovery, 
  • Decision to continue with monetary expansion by European Central Bank (ECB) in order to support economic recovery, 
  • Geopolitical developments, 
  • CBT's determination to fight against inflation, 
  • Improvement in current account deficit,  
  • Period following the general elections 

 

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 six-month period of 2015, passenger car and light commercial vehicle total market presented a sales number of 432,550. In comparison to the total number of 286,861 in the same period of 2014 in the passenger car and light commercial vehicle market, the sales went up in a ratio of 50.79%.  

In June 2015, passenger car and light commercial vehicle market presented a sales number of 86,158. In comparison to the total number of 60,163 in June 2014 in the passenger car and light commercial vehicle market, the sales went up in a ratio of 43.21%.

Passenger car and light commercial vehicle market, in comparison to the average 10-year June sales, has shown an increase of 38.84%. 

In the first six-month period of 2015, passenger car sales went up by 45.21% in comparison to the same period of the year before and became 327,846. In the same period last year, the sales reached 225,773.

In June 2015, passenger car sales went up by 43,34% in comparison to the same month of the year before and became 67,766. In June of the last year, the sales reached 47,278.

The passenger car market, in comparison to the average 10-year June sales, showed an increase of 58.03%.  

In January-June period of 2015, light commercial vehicle sales increased 71.4% in comparison to the same period of the last year, to 104,704. In the same period last year, the sales reached to 61,088.

Light commercial vehicle market increased 42.74% in June 2015 compared to the same month of the last year, to 18,392. In June of the last year, the sales reached 12,885.

The light commercial vehicle market, in comparison to the average 10-year June sales, showed a decrease of 4.08%.  

When January-June 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 95.78% and a number of 314,008. Passenger cars between 1600 to 2000cc followed them with a ratio of 3.34% and passenger cars above 2000cc with a ratio of 0.87%. In comparison with the same period of 2014, an increase of 46.82% in the sales of passenger cars below 1600cc and 15.58% 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 17.46% was observed. In the first six-month period of 2015, 12 electric cars below 85kW engine power and 30 electric cars above 121 kW engine power were sold.

   
    ENGINE
    VOLUME    ENGINE TYPE    2014' June (End)    2015' June (End) Change      SCT      VAT
                                Qty   Segment       Qty   Segment
    less than
    or equal
    to 1600cc         B/D   213,870    94.73%   314,008    95.78% 46.82%      45%      18%
    1601cc -
    less than
    or equal
    to 2000cc         B/D     9,463     4.19%    10,937     3.34% 15.58%      90%      18%
    greater
    than or
    equal to
    2001cc            B/D     2,434     1.08%     2,859     0.87% 17.46%     145%      18%
    less than
    or equal
    to 85 kW     ELECTRIC         6     0.00%        12     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         0     0.00%        30     0.01%             15%      18%
                      Sum   225,773   100.00%   327,846   100.00% 45.21%         TAX RATES

 

When the January-June 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 42.20% (138,358) and following this, passenger cars between 120-140 gr/km have a share of 29.43% (96,470).

   
    CO2 AVERAGE
    EMISSION VALUES
    (gr/km)                 2014' June (End)           2015' June (End)     Change
                                 Qty       Segment        Qty       Segment
    < 100 gr/km               23,061        10.21%     32,200         9.82% 39.63%
    greater than or
    equal to 100 - <
    120 gr/km                 90,205        39.95%    138,358        42.20% 53.38%
    greater than or
    equal to 120 - <
    140 gr/km                 67,942        30.09%     96,470        29.43% 41.99%
    greater than or
    equal to 140 - <
    160 gr/km                 32,746        14.50%     47,473        14.48% 44.97%
    greater than or
    equal to 160 gr/km        11,819         5.23%     13,345         4.07% 12.91%
    Sum                      225,773       100.00%    327,846       100.00% 45.21%

 

Diesel passenger car sales in January-June period of 2015 increased 39.19% in comparison to the same period last year. Diesel share in passenger car sales in the six-month period of 2015, when compared to the same period of 2014, has decreased from 62.47% to 59.88% (196,300).

   
    DIESEL                2014' June (End)           2015' June (End)     Change
                                    Share in the             Share in the
                               Qty       Segment        Qty       Segment
    A (Mini)                    10         0.54%          9         0.41% -10.00%
    B (Entry)               42,145        60.31%     58,185        56.83%  38.06%
    C (Compact)             77,400        66.39%    105,897        61.92%  36.82%
    D (Medium)              16,169        58.30%     25,558        64.79%  58.07%
    E (Luxury)               3,971        47.95%      4,737        44.37%  19.29%
    F (Upper Luxury)         1,338        92.47%      1,914        90.20%  43.05%
    Sum                    141,033        62.47%    196,300        59.88%  39.19%

 

In 2015 January-June period, automatic transmission passenger car sales numbers, in comparison to the same period in 2014, increased 52.16%. In 2015, automatic transmission passenger car sale shares in six months, in comparison to last year, increased from 45.61% to 47.80% (a number of 156,695).

   
    AUTOMATIC
    TRANSMISSION            2014' June (End)          2015' June (End)     Change
                                      Share in the            Share in the
                                  Qty      Segment        Qty      Segment
    A (Mini)                    1,242       67.17%      1,639       74.81% 31.96%
    B (Entry)                  19,573       28.01%     33,389       32.61% 70.59%
    C (Compact)                52,275       44.84%     80,383       47.00% 53.77%
    D (Medium)                 22,291       80.38%     31,259       79.24% 40.23%
    E (Luxury)                  6,198       74.85%      7,911       74.11% 27.64%
    F (Upper Luxury)            1,399       96.68%      2,114       99.62% 51.11%
    Sum                       102,978       45.61%    156,695       47.80% 52.16%

 

In January-June period of 2015, 84.06% of the passenger car market segment again 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 52.16% has the highest sales volume (171,019) and Segment B follows it with a share of 31.23% (102,389).

In January-June period of 2015, when evaluated according to frame, most preferred body type was again Sedan (49.36%, a quantity of 161,820). Following Sedan passenger cars, Hatchback frame with a share of 31.68% and a sales volume of 103,849 and SUV with a share of 13.45% and total sales volume of 44,085.

In January-June period of 2015, when light commercial vehicle market is evaluated according to body type, Van's with a share of 71.46% had the highest sales volume (74,825), Light trucks followed them with a share of 12.28% (12,855) while the share of Minibuses was 10.52% (11,010) and the share of Pick-ups was 5.74% (6,014).

   
    LIGHT COMMERCIAL
    VEHICLE BODY TYPE
    ANALYSIS                2014' June (End)           2015' June (End)     Change
                                 Qty       Segment        Qty       Segment
    VAN                       42,849        70.14%     74,825        71.46% 74.62%
    LIGHT TRUCK                6,813        11.15%     12,855        12.28% 88.68%
    MINIBUS                    6,549        10.72%     11,010        10.52% 68.12%
    PICK-UP                    4,877         7.98%      6,014         5.74% 23.31%
    Sum                       61,088       100.00%    104,704       100.00% 71.40%

 

OVERVIEW OF 2015; 

According to April 2015 estimations of IMF World Economic Outlook Report, 2015 and 2016 growth rate estimations for the World is 3.5% and 3.8%, respectively. The report suggests that 2015 and 2016 growth rates of the U.S., pacemaker of the world economy will be 3.1%. 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 1.6% in 2016.

LMC Automotive has published 2015&2016 World automotive market estimations as of 2015, 1st quarter. According to the 2015, 1st quarter results, 2015 World total automotive market is expected to show an increase of 2.0% in comparison to the last year and reach a number of 92.4 M. In 2016, World automotive market is expected to show an increase of 4.8% and reach a number of 96.8 M in comparison to the last year.

LMC Automotive has published 2015&2016 World automotive manufacture estimations as of 2015, 1st quarter. According to the 1st quarter results of LMC Automotive, 2015 World automotive manufacture is expected to show an increase of 2.8% in comparison to the last year and reach a number of 93.3 M. In 2016, World automotive manufacture is expected to show an increase of 4.9% and reach a number of 97.9 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 April 2015 estimations of IMF, 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. 

Ms. Saadet Alpago
Marketing & Communication Manager
ODD - Otomotiv Distribütörleri Dernegi | +(0212)288-61-94 /  Ext:15  
saadet@odd.org.tr

SOURCE ODD - Automotive Distributers Association Turkey