2012-09-02 16:52:11 - New Transportation research report from Business Monitor International is now available from Fast Market Research

Developments in Turkey's autos industry in H112 were largely in line with predictions made by Mustafa Bayraktar, head of Turkey's Automotive Distributors' Association, in January of this year. As expected, we have seen a slowdown in the growth of the country's autos market - 144,000 vehicles were built in Turkey in January 2012, a decline of 8% year-on-year (y-o-y), while passenger car sales for the first five months of the year were down 12.13% in comparison to 2011, to 70,863 units. However, while we have made some downward revisions to our forecasts, BMI believes it is unlikely that such a contraction will continue into H212. Revised forecasts suggest that close to 951,995 vehicles will be sold in Turkey in 2012,

an increase of 3.25% in comparison to 2011.

As identified in Q112, we can continue to observe an increase in the Turkish government's economic intervention. Government policy towards Turkey's autos industry has considered two general areas - encouragement of the use of more environmentally friendly vehicles, and boosting production. In March 2012, Turkey's Energy Minister announced plans to introduce tax cuts for those using newer, more fuelefficient vehicles. BMI is confident that a tax cut would help considerably with the renewal of the country's vehicle fleet. In addition to this, Turkey's Scientific and Research Council has announced plans to offer up to TRY5mn (US$2.76mn) over three years to companies carrying out research into newenergy vehicles. Policies such as these are also likely to benefit international automakers with local production facilities in Turkey, such as Italy's Fiat and France's Renault, both of which have a number of fuel-efficient passenger cars in their portfolios. Linked to this programme, in June 2012, Turkey's Minister for the Economy announced plans to incentivise local vehicle production in Turkey. The programme would entitle those planning to build at least 100,000 vehicles in the country a year to import A, B and C-segment vehicles free from customs tax, up to 15% of production capacity.


Full Report Details at
- www.fastmr.com/prod/451392_turkey_autos_report_q3_2012.aspx


Q212 has seen a number of automakers make progress with their investments in Turkey's autos industry, or express an interest in increasing their presence in the country. Mercedes-Benz Turk has become the first carmaker to switch from Euros to Turkish Lira for the payment of its imports from Germany, a move which BMI believes highlights its increasing focus on key emerging markets. In addition, Malaysian automaker Proton is in talks with a Turkish carmaker to form a joint venture and commence local production of its own vehicles, and a new brand, at Turkish facilities. Meanwhile, South Korean carmaker Hyundai's local venture in the country commenced production of its updated i20 passenger car at its Izmit facility in Kocaeli on May 18 2012. The company has also announced plans to invest US$607mn by the end of 2013, in order to double its production capacity at the plant to 200,000 vehicles a year and meet demand for small passenger cars. This is in line with BMI's forecast that the number cars per 1,000 of the population will increase to 114.8 by 2016.

Report Table of Contents:

SWOT Analysis
- Turkey Autos Industry SWOT
- Turkey Political SWOT
- Turkey Economic SWOT
- Turkey Business Environment SWOT
Global Overview
- Global Autos Update: End Of First Quarter Brings Both Positive And Negative Revisions As Key Trends
- Table: Passenger Car Sales (Units), Jan-March 2012
Regional Overview
- Audi's Ducati Purchase: Rivalry Wins Over Strategy
Industry Risk Reward/Ratings
- Poor Show From Western Europe Hurts Region's Score In BMI Ratings
- Table: BMI Industry Risk/Reward Ratings For Autos In Europe
Macroeconomic Forecast
- Table: Turkey - Economic Activity, 2011-2016
Industry Forecast Scenario
- Table: Turkey Automotive Production
- Table: Turkey Automotive Sales
- Trade
- Table: Turkey Automotive Trade
Competitive Landscape
- Latest Developments
- Suppliers
Company Monitor
- GM-PSA Alliance Misses The Core Issue
Company Profiles
- Ford Otosan
- Hyundai Assan
- Oyak Renault
- Toyota Motor
- Turk Otomobil Fabrikasi
Demographic Outlook
- Table: Turkey's Population By Age Group, 1990-2020 ('000)
- Table: Turkey's Population By Age Group, 1990-2020 (% of population)
- Table: Turkey's Key Population Ratios, 1990-2020
- Table: Turkey's Rural And Urban Population, 1990-2020
BMI Methodology
- How We Generate Our Forecasting Model
- Sources

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