Automotive Exports – November 2017

Monthly automotive aftermarket magazine
Automotive Exports Foresee
All-Time Record
“In 2017, we can predict the all-time records in the automotive exports
accomplishing worth $27 billion or over”, Orhan Sabuncu, the head of
Uludag Automotive Industry Exporters Association (OIB)
Sabuncu expected all-time
record by the Turkish
automotive industry with the
exports worth $27 or over billion in
2017.
The Turkish automotive industry
foresees a record in the exports this
year. Earlier the automotive sector
had achieved its highest foreign
sales in 2008 with $24,7 billion, this
year the sector tries to set a new
record that was not accomplished
to date. In his announcement
Sabuncu said being $17 billion 76
million 789 thousand in the first 9
months last year, this year in this
period the sector exports raised 22
percent to $20 billion 772 million
791 thousand.
We expect over the target set for
2017
Pointing out performance of
the automotive sector Sabuncu
recorded; “In January-September
2017, the automotive industry has
reached monthly export worth $2,3
billion on average with 22 percent
increase. In March 2017, the sector
broke record of all-times with $2,7
billion in monthly base. In May and
June months the sector has also set
record over $2,5 billion.”
Stating they have guessed the
sector exports would exceed
the year-end target, Sabuncu
continued; “So, we can expect the
exports over $27 billion or over it
as of the year-end. This might be
all times record in the automotive
industry exports.”
Sabuncu indicated the biggest
share belonged to the passenger
cars in the automotive exports.
“In January – September 2017, 50
percent increase in the passenger
car exports has emerged as the
basic determinative factor. The
share of the passenger cars in
the automotive exports became
42 percent. As for the other main
product groups, the exports
increase have continued even
being the single digit. As thirdfourth
of the year remained behind
the automotive supplier exports
increased 5 percent, bus-minibuscoach
exports 7 percent.”
Sabuncu also highlighted the new
models manufactured in Turkey
have played driving force in the
exports increase especially in the
passenger cars.
He added that continuing growth
in the EU market has also reflected
positively to the sector exports.
36 NOVEMBER 2017