Automotive August 2021

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Turkish auto aftermarket industry gears up for investment in 3rd quarter The rise of the automotive aftermarket in the first quarter of the year continued in the second quarter. The positive trend in employment, along with the increase in domestic sales and exports in the second quarter of the year, also stimulated the investment plans of the third quarter. According to the “Second Quarter 2021 Sectoral Evaluation” survey of the Automotive After Sales Products and Services Association (OSS); It has been revealed that nearly half of the participants are planning to invest in the third quarter. This rate had decreased to 38 percent in the previous survey. In the second quarter of the year, there was a remarkable increase in the problems experienced in the sector. In the first quarter of this year, the “volatility in exchange rates” was the leading problem in the sector, while “supply problems” appeared to be on the rise in the second quarter. While the rate of those experiencing supply problems was approximately 73 percent in the first quarter of the year, this rate rose to 82,5 percent in the second quarter of the year. Automotive After-Sales Products and Services Association (OSS) evaluated the second quarter of the year with a survey study organized with the participation of its August 2021 72
members. According to OSS Association’s Second Quarter 2021 Sectoral Evaluation survey; There were increases in domestic sales and exports, and these increases were reflected in the third quarter as an investment plan. While the industry approached its investment plans more cautiously at the beginning of the year, it was revealed that nearly half of the participants planned investments in the third quarter. According to the survey; There was an average of 8 percent increase in domestic sales compared to the first quarter. Work; It also revealed that there was an increase in sales compared to the same period of the previous year. According to the survey; In the second quarter of the year, members’ domestic sales increased by approximately 24 percent on average compared to the same period of the previous year. Expected increase in sales in the third quarter! Expectations for the third quarter of the year were also asked in the survey. Participants, on the other hand, stated that they expect an average of 16 percent increase in domestic sales compared to the second quarter of the year. According to the survey, the sector; It has also emerged that in the third quarter of this year, an average of 18 percent increase is expected in domestic sales compared to the same period of the previous year. There is a positive trend in employment! In the survey; In terms of collection process, the second and first quarters of the year were compared. More than half of the participants stated that there was no change in collection processes in the second quarter of the year compared to the first quarter. According to the study, which also focuses on the employment policies of the sector; It was revealed that in the second quarter of the year, the total employment of members followed a similar and positive course compared to previous periods. To the question about employment, 44 percent of the respondents answered “increased”, about 51 percent “no change”, and about 5 percent “decreased”. Currency increase problem gave priority to supply problem! The problems faced by the industry were also identified in the survey. Among the priority problems of the sector were the “volatility in exchange rates” and “cargo cost/delivery problems”. While the rate of members who said that exchange rate increases were the most important problem in the first quarter of the year approached 94 percent, the said rate was approximately 67 percent in the second quarter. While the rate of members who stated that they had “cargo cost and delivery problems” was 65 percent in the first quarter of the year, this rate decreased to 55 percent in the second quarter. While the rate of participants who stated that they experienced “loss of business and turnover” was approximately 29 percent, the said rate was 30 percent in the second quarter of the year. While the rate of those who drew attention to “problems in cash flow” was 29 percent in the first quarter of this year, this rate increased to approximately 35 percent in the second quarter. The rate of those who experienced “loss of motivation due to the pandemic” decreased from 38 percent to 36 percent. The percentage of respondents who stated that their primary problem was “problems at customs” decreased from 40 percent to 33 percent. The biggest increase was experienced in supply problems. While the rate of those experiencing supply problems was approximately 73 percent in the first quarter of the year, this rate increased to 82,5 percent in the second quarter of the year. 73 August 2021
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Automotive August 2021

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