Turkey's Passenger Car and Light Commercial Vehicle Market Has Shown an Increase of 26% in 2015
 |
ISTANBUL, January 12, 2016 --
Passenger Car Market Increased 23.5%, Light Commercial Vehicle Market Increased 34.4%.
The Turkish passenger car and light commercial vehicle total market increased 26.1% in 2015 compared to the last year, to 968,017. In 2014 total market sales value of 767,681 was reached.
Passenger car sales went up 23.54% in 2015, in comparison to the last year and became 725,596. In 2014, the sales reached 587,331.
In 2015, light commercial vehicle market increased 34.42%, in comparison to the year before, to 242,421. Last year, the sales reached 180,350.
Passenger Car and Light Commercial Vehicle Market showed an increase of 6% in December 2015.
Passenger Car Market Increased 3.9%, Light Commercial Vehicle Market Increased 13.3%.
In December the 2015 passenger car and light commercial vehicle market reached 156,173. In comparison to the total number of 146,989 in December 2014 in the passenger car and light commercial vehicle market, the sales went up in a ratio of 6.25%.
In December 2015, passenger car sales have gone up 3.89% in comparison to the same month of the year before and became 114,340. Last year, the sales reached 110,054.
Light commercial vehicle market increased 13.26% in December, 2015 compared to December, 2014, to 41,833. Last year, the sales reached 36,935.
In 2015, an increase of 24.52% in the sales of passenger cars below 1600cc and 2.54% 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 9.37% was observed. In 2015, a total of 120 electric cars, of which 38 were below 85kW engine power and 82 were above 121 kW engine power, were sold.
When the average emission values of the passenger car market in 2015 are considered, the passenger cars between 100-120g/km took the largest piece of the pie with a ratio of 42.02% and with a number of 304,901.
In 2015, diesel passenger car sales decreased to 61.78%, while the automatic transmission passenger cars increased to 49.90%.
In 2015, 82.90% of the passenger car market segment again consisted of the passenger cars in the A, B and C segments whose tax ratios are low. When evaluated according to segments, Segment C with a share of 52.11% reached the highest sales volume (378,141). When evaluated according to frame, most preferred body type was again Sedan (48.46%, a quantity of 351,598).
In 2015, when evaluated according to body type, Vans with a share of 71.28% had the highest sales volume (172,788), Light trucks followed them with a share of 11.8% (28,599) while the share of Minibuses was 10.69% (25,923) and the share of Pick-ups was 6.23% (15,111) in light commercial vehicle market.
Passenger car and light commercial vehicle total market increased 26.1% in 2015 compared to the same period of 2014, to 968,017 with a base effect.
In 2016;
- Expectation on interest-rate increase by U.S. Federal Reserve Bank (FED) in parallel with economic recovery,
- Developments in China and their influence on developing countries,
- Developments in EU economy and the 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,
- Steps to be made for structural reforms,
- Improvement and growth rates of economic activity
will be decisive.
We foresee that the automotive industry's total market for the year 2016 to be between 900 and 950 thousand in quantity.
Hayri ERCE, PhD.
Executive Coordinator
Automotive Distributors' Association
In 2015, Turkey's passenger car and light commercial vehicle total market presented a sales number of 968,017. In comparison to the total number of 767,681 in 2014 in the passenger car and light commercial vehicle market, the sales went up in a ratio of 26.1%.
In December 2015 passenger car and light commercial vehicle total market reached 156,173. In comparison to the total number of 146,989 in December 2014 in the passenger car and light commercial vehicle market, the sales went up in a ratio of 6.25%.
Passenger car and light commercial vehicle market, in comparison to the average 10-year December sales, showed an increase of 44.24%.
In 2015, passenger car sales went up by 23.54% in comparison to the same period of the year before and became 725,596 in Turkey's automotive market. In the same period last year, the sales reached 587,331.
In December 2015, passenger car sales went up 3.89% in comparison to the same month of the year before and became 114,340. In December of the last year, the sales reached 110,054.
The passenger car market, in comparison to the average 10-year December sales, showed an increase of 55.10%.
In 2015, the light commercial vehicle market went up by 34.42% in comparison to the last year and reached to the number of 242.421 in Turkey's automotive market. In the same period last year, the sales reached to 180,350.
Light commercial vehicle market increased 13.26% in December 2015 compared to December 2014, to 41,833. In December of the last year, the sales reached 36,935.
The light commercial vehicle market, in comparison to the average 10-year December sales, showed an increase of 21.06%.
2014’2ndQ :-31.68%
ENGINE ENGINE
VOLUME TYPE 2014'December(End) 2015'December(End) Change SCT VAT
Qty Segment Qty Segment
less
than or
equal to
1600cc B/D 558,995 95.18% 696,076 95.93% 24.52% 45% 18%
1601cc -
less
than or
equal to
2000cc B/D 22,536 3.84% 23,108 3.18% 2.54% 90% 18%
greater
than or
equal to
2001cc B/D 5,753 0.98% 6,292 0.87% 9.37% 145% 18%
less
than or
equal to
85 kW ELECTRIC 22 0.00% 38 0.01% 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 25 0.00% 82 0.01% 15% 18%
Sum 587,331 100.00% 725,596 100.00% 23.54% TAX RATES
When the 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 95.93% and a number of 696,076. Passenger cars between 1600 to 2000cc followed them with a ratio of 3.18% and passenger cars above 2000cc with a ratio of 0.87%. In comparison with 2014, an increase of %24.52 in the sales of passenger cars below 1600cc and %2.54 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 9.37% was observed. In 2015, 38 electric cars below 85kW engine power and 82 electric cars above 121 kW engine power were sold.
When the 2015 passenger car market is studied in terms of average emission values, passenger cars between 100-120 gr/km have the highest share of 42.02% (304,901) and following this, passenger cars between 120-140 gr/km have a share of 28.46% (206,474).
CO2 AVERAGE
EMISSION VALUES
(gr/km) 2014'December(End) 2015'December(End) Change
Qty Segment Qty Segment
< 100 gr/km 62,052 10.57% 82,122 11.32% 32.34%
greater than or
equal to 100 - <
120 gr/km 232,129 39.52% 304,901 42.02% 31.35%
greater than or
equal to 120 - <
140 gr/km 184,708 31.45% 206,474 28.46% 11.78%
greater than or
equal to 140 - <
160 gr/km 81,103 13.81% 104,622 14.42% 29.00%
greater than or
equal to 160 gr/km 27,339 4.65% 27,477 3.79% 0.50%
Sum 587,331 100.00% 725,596 100.00% 23.54%
Diesel passenger car sales in 2015 increased 22.25% in comparison to the last year. Diesel share in passenger car sales in 2015, when compared to 2014, have decreased from 62.44% to 61.78% (448,304).
DIESEL 2014'December(End) 2015'December(End) Change
Share in the Share in the
Qty Segment Qty Segment
A (Mini) 26 0.59% 13 0.31% -50.00%
B (Entry) 107,402 58.89% 127,992 58.40% 19.17%
C (Compact) 206,751 67.34% 243,729 64.45% 17.89%
D (Medium) 39,322 56.41% 62,019 65.04% 57.72%
E (Luxury) 9,820 48.66% 9,813 41.82% -0.07%
F (Upper Luxury) 3,387 93.23% 4,738 90.47% 39.89%
Sum 366,708 62.44% 448,304 61.78% 22.25%
In 2015, automatic transmission passenger car sale shares, in comparison to 2014, increased to 37.77%. Automatic transmission passenger car sales shares 2015, in comparison to last year, increased from 44.75% to 49.90% (a number of 362,108).
AUTOMATIC
TRANSMISSION 2014'December(End) 2015'December(End) Change
Share in the Share in the
Qty Segment Qty Segment
A (Mini) 3,058 69.12% 3,290 78.07% 7.59%
B (Entry) 49,274 27.02% 74,652 34.06% 51.50%
C (Compact) 133,414 43.45% 179,222 47.40% 34.34%
D (Medium) 58,056 83.28% 82,523 86.54% 42.14%
E (Luxury) 15,466 76.64% 17,194 73.28% 11.17%
F (Upper Luxury) 3,571 98.29% 5,227 99.81% 46.37%
Sum 262,839 44.75% 362,108 49.90% 37.77%
In 2015, 82.90% of the passenger car market segment again consisted of the passenger cars in the A, B and C segments whose tax ratios are low. When evaluated according to segments, Segment C with a share of 52.11% has the highest sales volume (378,141) and Segment B follows it with a share of 30.21% (219,181).
In 2015, when evaluated according to frame, most preferred body type was again Sedan (48.46%, a quantity of 351,598). Following Sedan passenger cars, Hatchback frame with a share of 31.48% and a sales volume of 228,409 and SUV with a share of 14.66% and total sales volume of 106,369.
In 2015, when evaluated according to body type, Vans with a share of 71.28% had the highest sales volume (172,788), Light trucks followed them with a share of 11.8% (28,599) while the share of Minibuses was 10.69% (25,923) and the share of Pick-ups was 6.23% (15,111) in light commercial vehicle market.
LIGHT COMMERCIAL
VEHICLE BODY TYPE
ANALYSIS 2014'December(End) 2015'December(End) Change
Qty Segment Qty Segment
VAN 125,909 69.81% 172,788 71.28% 37.23%
LIGHT TRUCK 19,899 11.03% 28,599 11.80% 43.72%
MINIBUS 20,781 11.52% 25,923 10.69% 24.74%
PICK-UP 13,531 7.50% 15,111 6.23% 11.68%
Sum 180,350 99.87% 242,421 100.00% 34.42%
OVERVIEW OF 2015/2016;
According to October 2015 estimations of IMF World Economic Outlook Report, 2015&2016 growth rate estimations for the World is 3.1% and 3.6%, respectively. The report suggests that 2015 and 2016 growth rates of the U.S., pacemaker of the world economy will be 2.6% and 2.8% 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 1.6% in 2016.
LMC Automotive has published 2015 & 2016 world passenger car market estimations as of 2015, 3rd quarter. According to the 2015, 3rd quarter results, 2015 World total automotive market is expected to show an increase of 0.4% in comparison to the last year and reach a number of 90.8 M. In 2016, World automotive market is expected to show an increase of 4.2% and reach a number of 94.7 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 3rd quarter results of LMC Automotive, 2015 World automotive manufacture is expected to show an increase of 0.8% in comparison to the last year and reach a number of 91.5 M. In 2016, World automotive manufacture is expected to show an increase of 4.5% and reach a number of 95.6 M in comparison to the last year.
According to the Medium Term Program published in October 2015, Turkey's growth rate is expected to be around 3.0% in 2015 and 4.0% in 2016. According to IMF estimations, Turkey's growth rates for 2015 and 2016 are expected to be 3.0% and 2.9%, respectively.
We foresee that the automotive industry's total market for the year 2016 to be between 900 and 950 thousand in quantity.