Turkey - ODD Data April 2022 Comment
Automotive Sales in April• According to Automotive Distributors’ Association (ODD) data, auto market contracted by 2.4% y/y to 60,035 units in April 2022. (April 2021: 61,488) While the passenger car sales were 45,564 units (down by 5.8% y/y), LCV sales realized at 14,471 (down by 10.4% y/y).
• TOASO’s sales were flattish y/y with 8,936 units. TOASO’s PC sales were down by 11% y/y, and its LCV sales increased by 23% y/y. TOASO’s market share inched up to 14.9% in April compared to 14.3% in March.
• FROTO’s sales were up by 12% y/y to 6,123 units. FROTO’s PC sales decreased by 26% y/y, and its LCV sales increased by 25% y/y. FROTO’s market share up to 10.2% in April compared to 7.9% in March.
• DOAS’s sales contracted by 19% y/y to 9,260 units. DOAS’s PC sales were down by 14% y/y, and its LCV sales were also down by 59% y/y. DOAS’s market share contracted to 15.4% in April compared to 17.4% in March.
• While the y/y contraction in the monthly figures are in line with the expectations, we think that monthly data might have a neutral impact on auto companies.
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