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Now Available: Turkey Autos Report Q1 2013


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2013-02-19 10:16:26 - Recently published research from Business Monitor International, "Turkey Autos Report Q1 2013", is now available at Fast Market Research

Despite our bearish outlook for autos production in Turkey in the short term, we remain fairly optimistic about long-term growth in the sector, on the back of both strong domestic sales and export growth.

In the first 11 months of 2012, passenger car production in Turkey declined 9.6% year-on-year (y-o-y), to 531,952 units, prompting us to downgrade our 2012 production forecast to a drop of 8.4%, with a 9.5% decrease in the passenger car segment. Over the longer term, however, we expect the country's political stability, its Customs Union with the EU and investment from international carmakers to facilitate growth in exports and production.

We hold a similarly optimistic outlook for vehicle sales, where we expect a resurgence in private consumption to

boost vehicle demand. We forecast a moderate 0.8% y-o-y growth in passenger car sales in 2013, to be followed by average annual growth of just over 4% y-o-y between 2014 and 2017.


Full Report Details at
- www.fastmr.com/prod/536574_turkey_autos_report_q1_2013.aspx


We believe commercial vehicle sales will outperform, with annual average growth of 6.8% in our forecast period to 2017. Total vehicle sales over the first 11 months of 2012 fell 10.3% y-o-y, to 696,501 units.

The extent of long-term optimism in the market was visible from the launch of a joint venture (JV) between South Korean Hyundai Motor and Turkish Karasan in December 2012. The US$260mn JV will produce Hyundai-branded light commercial vehicles. Earlier in October 2012, locally based automotive supplier Inci Holding announced the opening of its latest domestic facility, a JV with Brazil's Maxion Wheels that will produce wheel rims. The EUR45mn (US$58.6mn) site will have an annual capacity of around 2mn wheel rims.

We also expect Turkey to reap the benefits of rising Russian demand. We have become increasingly bullish on the Russian vehicle market, and expect to see ongoing interest in the export market. Honda Motor plans to expand capacity at its production facility in Turkey by 26%, to 63,000 vehicles annually to cater to growing demand in Russia. Meanwhile, Russian automaker Gorkovsky Avtomobilny Zavod (GAZ) operates a JV with Turkey's Mersa Otomotiv, which will assemble, distribute and sell light commercial GAZ vehicles in Turkey. Turkey's biggest automotive export markets currently are France, Italy, Germany, the UK, Spain, the US, Romania, Belgium, Algeria and Russia.

Report Table of Contents:

BMI Industry View
- BMI Industry View
SWOT
- SWOT
- Political
- Economic
- Business Environment
Industry Forecast
- Industry Forecast
- Table: Turkey Automotive Production, 2010-2017
- Table: Table: Turkey Automotive Sales, 2010-2017
- Table: Turkey Automotive Trade, 2010-2017
Macroeconomic Forecasts
- Economic Analysis
- Table: Turkey - Economic Activity
Industry Risk Reward Ratings
- Industry Risk Reward Ratings
- Table: BMI Industry Risk/Reward Ratings For Autos In Europe
Competitive Landscape
- Competitive Landscape
Company Profile
- Company Monitor
- Fiat
- Otosan
- Hyundai Assan
- Oyak Renault
- Toyota Motor
- Tofas
Regional Overview
- Regional Overview
Global Industry Overview
- Global Overview
- Table: Passenger Car Sales - 9M12
- Japan Back To Normal, But US Stays Strong
- Divergence Remains But Outlook Worsens In Europe
- Russia Stays Dominant Among The BRICs
Demographic Forecast
- Demographic Forecast
- 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
Methodology
- How We Generate Our Industry Forecasts
- Automobile Industry
- Sources

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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