Turkey - ODD Data May 2022 Comment
• According to Automotive Distributors’ Association (ODD) data, auto market increased by 19.1% y/y to 65,167 units in May 2022. (May 2021: 54,734) While the passenger car sales were 51,750 units (up by 20% y/y), LCV sales realized at 13,417 (up by 15.7% y/y).• TOASO’s sales increased by 31% y/y with 13,405 units. TOASO’s PC sales were up by 31% y/y, and its LCV sales increased by 30% y/y. TOASO’s market share increased to 20.6% in May compared to 14.9% in April.
• FROTO’s sales were up by 22% y/y to 5,438 units. FROTO’s PC sales increased by 25% y/y, and its LCV sales up by 21% y/y. FROTO’s market share fell to 8.3% in May compared to 10.2% in April.
• DOAS’s sales contracted by 6% y/y to 9,822 units. DOAS’s PC sales were up by 8% y/y, and its LCV sales were down by 73% y/y. DOAS’s market share retreated to 15.1% in May compared to 15.4% in April.
• We think that monthly data might have a slightly positive impact on auto companies.
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