2014-01-09 08:51:01 - Turkey Autos Report Q1 2014 - a new market research report on companiesandmarkets.com
Turkish vehicle production increased 12% year-on-year (y-o-y) in November, to 113,678 units, as export volumes and the domestic market picked-up during the month following a brief period of weakness, in line with analyst´s expectations. Over the first 11 months of the year, vehicle output increased 6% y-o-y, to 1,042,400 units. We expect to see a continued uptick in manufacturing in the country over the coming months on the back of increases in domestic and export demand. This has informed our 2013 forecast of a 6.4% increase in vehicle production.
In 2014, we forecast a 9.1% increase in total vehicle production in Turkey, as the domestic market continues to grow, albeit fairly modestly, and exports to a resurgent European market increase.
country has a number of strong fundamentals which should help to attract autos investment and boost production volumes over the longer term. Turkey´s Customs Union with the EU should facilitate growth in exports to the bloc, and wages remain relatively competitive compared with other production hubs across Europe. Indeed, a number of international auto and supply manufacturers have recently invested in the country, in line with our bullish outlook.
Click for report details: www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..
Browse all Automotive and Parts Market Research Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..
Browse all Automotive and Parts Company Profile Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Company- ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.