|By PR Newswire||
|April 14, 2014 10:38 AM EDT||
ISTANBUL, April 14, 2014 /PRNewswire/ --
Passenger Car and Light Commercial Vehicle Market
showed a decrease of 24.5 % in first three months of 2014.
Passenger Car Market Decreased 22%, Light Commercial Vehicle Market Decreased 32%.
The Turkish passenger car and light commercial vehicle total market decreased 24.46% in January-March period of 2014 compared to the same period of the previous year, to 115,272. In the first three months of 2013, a total market sales value of 152,604 was reached.
Passenger car sales went down 21.92% in January-March period of 2014, compared to the same period last year, to 89,347. In the first three months of 2013, 114,434 purchases were made.
In the first three months of 2014, light commercial vehicle market decreased 32.08%, in comparison to the year before, to 25,925. Last year, the sales reached 38,170.
Passenger Car and Light Commercial Vehicle Market
showed a decrease of 31% in March, 2014.
Passenger Car Market Decreased 27%, Light Commercial Vehicle Market Decreased 42.5%.
In March, 2014, the passenger car and light commercial vehicle market decreased to 47,581. In comparison to the total number of 68,774 in March 2013 in the passenger car and light commercial vehicle market, the sales went down in a ratio of 30.82%.
In March 2014, passenger car sales went down by 26.98% in comparison to the same month of the year before and became 37,812.
Theight commercial vehicle market decreased 42.5% in March 2014 compared to March, 2013, to 9,769.
In the first three months of 2014, in comparison with the same period of the year before, a decrease of 21% in the sales of passenger cars below 1600cc and 40% in the sales of passenger cars with a 1600-2000cc motor volume was observed. As for the sales of the passenger cars over 2000cc, a decrease of 5.7% was observed.
When the average emission values of the passenger car market in the first three months 2014 are considered, the passenger cars between 100-120g/km took the largest piece of the pie with a ratio of 38.6% and with a number of 34,480.
In the first three months of 2014, diesel passenger car sales grabbed a share of 63%, while the automatic transmission passenger cars had a share of 45%.
In the first three months of 2014, 83.6% of the passenger car market segment again consisted of the vehicles in the A, B and C segments whose tax ratios are low. The highest sales numbers according to segments were reached in Segment C with a share of 50.9% (a quantity of 45,477) and according to frame, the most preferred body type was the Sedan (44.2%, a quantity of 39,460).
The passenger car and light commercial vehicle market witnessed an increase of 12.41% in first, 11.84% in second, 7.64% in third and 8.09% in the last quarter of 2013. While in the first quarter of 2014, the market went down in a ratio of 24.46%.
In January-March period of 2014:
- Increase in exchange and interest rates which started in the second half of 2013,
- Increase in passenger car SCT (Special Consumption Tax) rates,
- Restrictions imposed by BDDK (Banking Regulation and Supervision Agency) toward credit transactions,
- Decrease in consumer confidence index,
- Slowdown in economical activity, private sector investments and domestic consumption,
had a negative effect on passenger car market, while
in 2014, in general:
- The electoral process,
- Macro prudential measures,
- Slow growth process,
- Monetary tightening policy of TCMB (Turkish Central Bank),
- Loss of momentum of growth rate in emerging economies,
- Reduction of asset purchases and global financial initiatives,
- Difficulty in finding financial support in international markets,
will be effective.
Hayri ERCE, PhD.
Automotive Distributors' Association
In the first three months of 2014, Turkey's passenger car and light commercial vehicle total market presented a sales number of 115,272. In comparison to the total number of 152,604 in January-March period of 2013 in the passenger car and light commercial vehicle market, the sales went down in a ratio of 24.46%.
In March, 2014, passenger car and light commercial vehicle market presented a sales number of 47,581. In comparison to the total number of 68,774 in March 2013 in the passenger car and light commercial vehicle market, the sales went down in a ratio of 30.82%.
The passenger car and light commercial vehicle market, in comparison to the average 10-year March sales, has shown a decrease of 21.13%.
In the first three months of 2014, passenger car sales went down by 21.92% in comparison to the same period of the year before and became 89,347. In the same period last year, the sales reached 114,434.
In March 2014, passenger car sales went down by 26.98% in comparison to the same month of the year before and became 37,812. In March of the last year, sales reached 51,785.
The passenger car market, in comparison to the average 10-year March sales, showed a decrease of 7.11%.
The "Seasonally Annual Adjusted Rate" of the passenger car market was around 480,000 for March 2014.
In January-March period of 2014, light commercial vehicle sales decreased 32.08% in comparison to the same period last year, to 25,925. In the same period of the last year, the sales reached 38,170.
In March 2014, light commercial vehicle sales decreased 42.50% in comparison to last year, to 9,769. In March of last year, the sales reached 16,989.
The light commercial vehicle market, in comparison to the average 10-year March sales, has shown a decrease of 50.22%.
The "Seasonally Annual Adjusted Rate" of the light commercial vehicle market was around 130,000 for March 2014.
When the January-March period of 2014 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 94.5% and a number of 84,410. Passenger cars between 1600 to 2000cc followed them with a ratio of 4.4% and passenger cars above 2000cc with a ratio of 1.1%. In comparison with the same period of 2013, a decrease of 21.0% in the sales of passenger cars below 1600cc and 40.0% in the sales of passenger cars with a 1600-2000cc motor volume was observed. As for the sales of the passenger cars over 2000cc, a decrease of 5.7% was observed.
ENGINE VOLUME ENGINE TYPE 2013 March (End) 2014 March (End) Change SCT VAT Qty Share Qty Share less than or equal to 1600cc B/D 106.804 93,3% 84.410 94,5% -21,0% 45% 18% 1601cc - less than or equal to 2000cc B/D 6.532 5,7% 3.916 4,4% -40,0% 90% 18% greater than or equal to 2001cc B/D 1.082 0,9% 1.020 1,1% -5,7% 145% 18% less than or equal to 85 kW ELECTRIC 16 0,0% 1 0,0% -93,8% 3% 18% 86kW - less than or equal to 120kW ELECTRIC 0 0,0% 0 0,0% - 7% 18% greater than or equal to 121kW ELECTRIC 0 0,0% 0 0,0% - 15% 18% Sum 114.434 100,0% 89.347 100,0% -21,9% TAX RATES
When the January-March period of 2014 passenger car market is studied in terms of average emission values, passenger cars between 100-120 gr/km have the highest share of 38.6% (34,480 unit) and following this, passenger cars between 120-140 gr/km have a share of 28.9% (25,834 unit).
CO2 AVERAGE EMISSION VALUES (gr/km) 2013 March (End) 2014 March (End) Change Qty Share Qty Share < 100 gr/km 8.793 7,7% 10.385 11,6% 18,1% greater than or equal to 100 - < 120 gr/km 39.466 34,5% 34.480 38,6% -12,6% greater than or equal to 120 - < 140 gr/km 39.029 34,1% 25.834 28,9% -33,8% greater than or equal to 140 - < 160 gr/km 19.882 17,4% 13.652 15,3% -31,3% greater than or equal to 160 gr/km 7.264 6,3% 4.996 5,6% -31,2% Sum 114.434 100,0% 89.347 100,0% -21,9%
Diesel passenger car sales in January-March period of 2014 decreased 15.6% in comparison to the same period last year. Diesel share in passenger car sales in the first quarter of 2014, when compared to the first period of 2013, increased from 58.2% to 62.9% (56,189 unit).
DIESEL 2013 March (End) 2014 March (End) Change Share in the Share in the Qty Segment Qty Segment A (Mini) 31 9,3% 7 0,7% -77,4% B (Entry) 22.325 54,9% 17.347 61,4% -22,3% C (Compact) 34.341 60,7% 28.721 63,2% -16,4% D (Medium) 7.302 53,8% 7.412 67,6% 1,5% E (Luxury) 2.058 77,9% 2.224 70,0% 8,1% F (Upper Luxury) 522 89,1% 478 90,4% -8,4% Sum 66.579 58,2% 56.189 62,9% -15,6%
In January-March of 2014, automatic transmission passenger car sales numbers, in comparison to the same period in 2013, decreased 7.0%. In 2014, automatic transmission passenger car sale shares in the first three months, in comparison to last year, increased from 37.9% to 45.2% (a number of 40,358).
AUTOMATIC TRANSMISSION 2013 March (End) 2014 March (End) Change Share in Share in the the Qty Segment Qty Segment A (Mini) 123 36,7% 580 61,1% 371,5% B (Entry) 7.599 18,7% 7.823 27,7% 2,9% C (Compact) 21.757 38,4% 19.978 43,9% -8,2% D (Medium) 10.709 78,8% 8.332 76,0% -22,2% E (Luxury) 2.638 99,9% 3.151 99,2% 19,4% F (Upper Luxury) 586 100,0% 494 93,4% -15,7% Sum 43.412 37,9% 40.358 45,2% -7,0%
In January-March period of 2014, 83.6% 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 50.9% has the highest sales volume (45,477 unit) and Segment B follows it with a share of 31.6% (28,245 unit).
In January-March period of 2014, when evaluated according to frame, most preferred body type was again Sedan (44.2%, a quantity of 39,460). Following Sedan passenger cars, Hatchback frame with a share of 35.1% and a sales volume of 31,397 and SUV with a share of 14.4% and total sales volume of 12,873.
OVERVIEW OF 2014:
According to January 2014 estimations of IMF World Economic Outlook Report, 2014 growth estimation for the World is 3.7%. The relevant report estimates that the growth rate in the U.S., world's growth locomotive, is 2.8%, and the growth rate for Europe, which is an essential element in Turkish car automotive market export, will be around 1.0% for 2014.
LMC Automotive by 2013, 4th quarter has published 2013 World passenger car market results and 2014 estimations. According to the 4th quarter results, 2013 World total passenger car market showed an increase of 3.4% in comparison to the last year and reached a number of 87 M. In 2014, World passenger car market is expected to show an increase of 5% and reach a number of 91.3 M in comparison to the last year.
LMC Automotive by 2013, 4th quarter has published 2013 World passenger car manufacture results and 2014 estimations. According to the 4th quarter results of LMC Automotive, 2014 World total passenger car manufacture showed an increase of 2.7% in comparison to the last year and reached a number of 87.4 M. In 2014, World passenger car manufacture is expected to show an increase of 5.1% and reach a number of 92 M in comparison to the last year.
According to the Medium Term Program published in October, Turkey's growth rate is expected to be around 4% in 2014. According to the IMF's declaration following the examination of article 4 regarding Turkey, it is seen that the growth estimation for Turkey in 2014 is 3.5%
SOURCE Automotive Distributers' Association (ODD)
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