Turkey Autos Report Q4 2014 - New Market Research Report

From: Fast Market Research, Inc.
Published: Mon Oct 20 2014

A sharp decline in commercial vehicle (CV) manufacturing resulted in a decline in Turkish vehicle production of 1% year-on-year (y-o-y) in the first eight months of 2014, to 719,501 units. A surge in passenger car output during this period was not enough to arrest this decline. BMI forecasts a 0.5% increase in total vehicle output in 2014 due to sustained growth in the passenger car segment and a modest recovery in CV production.

BMI maintains a bullish view on the country's autos exports outlook following an increase in vehicle exports in 2014 to date of 5% y-o-y, to 569,973. This reflects the European passenger car market's resurgence from a period of marked declines, and sustained currency weakness which makes Turkish exports more competitive. Furthermore, a number of auto manufacturers have invested in the country for export.

Full Report Details at
- http://www.fastmr.com/prod/888194_turkey_autos_report_q4_2014.aspx?afid=301

Despite the growth in passenger car exports, CV exports remain weak, and we expect this segment to continue to register declines over the full year.

Total vehicle sales in Turkey in 8M14 declined 21% y-o-y, to 430,158 units. Generally, sales in both the passenger car and CV segments have remained weak over the year to date. BMI forecasts a decline of 21% in vehicle sales in 2014.

The Turkey Autos Report features the latest data and forecasts covering production, sales, imports and exports.

Business Monitor International (BMI)'s Turkey Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Turkey.

Key Benefits

* Benchmark BMI's independent automotives industry forecasts on Turkey to test other views - a key input for successful budgetary and planning in the Turkish automotives market.
* Target business opportunities and risks in the Turkish automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Turkey.
* Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.


BMI Industry View

Summary of BMI's key industry forecasts and views, covering production, sales and the introduction of new technology or products.

Global, Regional and Country Industry Overviews

In-depth analysis of the major global and regional developments in the market, which can be linked with the country industry overview, providing cross-country investment, product and financing trends that will affect each market, supported by BMI’s global and regional industry forecasts.

Business Environment Rankings

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