Turkey Autos Report Q4 2012

Publisher Name :
Date: 31-Oct-2012
No. of pages: 64

Turkey’s auto industry is in the midst of a moderate slowdown as global, particularly European, economic
conditions limit export possibilities and domestic economic tensions cut into vehicle sales. The industry is
facing a period of retrenchment. BMI forecasts that total vehicle sales will fall by 2.62% year-on-year (yo-
y) in 2012, to 883,784.
This follows three years of fast sales growth and is a setback for the industry. However, the drop is likely
to be short lived, as we predict sales will increase on average 7% y-o-y for the remainder of our five-year
forecast period. Vehicle production is also set to suffer this year, with an expected drop of 3%, to 1.15mn
units, before predicted annual average 10% growth until 2016.
Overall, however, the Turkish auto industry is still an attractive site for manufacturing and a promising
market for sales: 2012 will temporarily put the brakes on rapid expansion.
Vehicle sales fell 0.8% y-o-y in August, to 60,871 units, according to the Turkish Automotive
Manufacturers Association (OSD). Sales in 8M12 fell 15.3% y-o-y, to 485,611 units. Much of this drop
occurred within the passenger car segment, where sales dropped 11.25% y-o-y, to 330,257 units. Over the
same time period, exports fell by 9% y-o-y, to 486,113. Of this, 265,119 units were passenger cars, with
exports for this segment down 10% y-o-y. Imports also fell 10.95% y-o-y, to 302,746 units, in 8M12.
Through its exports, the Turkish automotive industry is exposed to the wider European region and
economic problems. Coupled with slowing growth on the domestic market, this has curtailed the sector’s
previous rapid growth.
Turkey’s automotive production dropped 29% y-o-y in August 2012, according to the OSD. Around
37,500 units were produced in August, a 61.4% drop from July. This drop in production occurred across
all classes. Passenger car output fell 24% y-o-y, to 19,932 units; commercial vehicle production dropped
31%, to 16,880 units. Tractor production fell 66% to 693 units. For the first eight months of 2012
production is down 10%, to 725,951 units. Of particular concern is the news that the capacity utilisation
rate in Turkey’s auto industry has fallen to 27%.
On top of this malaise, the Turkish government has announced a surprise hike in the Special Consumption
Tax (SCT). The rise, which applies to cars, has provoked anger in the country’s auto industry. According
to Turkish Weekly, the head of the Turkish Automotive Distributors Association (ODD), Mustafa
Bayraktar, complained there was little point in members formulating strategies when tax policy was
subject to change dramatically with no warning. He added that what was already a difficult year for
Turkish auto distributors was set to worsen as a result of this policy. A survey of ODD members revealed
they expect sales to drop by up to 15% y-o-y in 2012.
In more positive news, in February French automaker Renault announced plans to invest EUR234mn
(US$307mn) in its production facilities in Turkey.

Turkey Autos Report Q4 2012

Executive Summary. 5
SWOT Analysis ... 6
Turkey Autos Industry SWOT. 6
Turkey Political SWOT 7
Turkey Economic SWOT... 7
Turkey Business Environment SWOT.... 8
Global Overview.. 9
Table: Passenger Car Sales H112 ... 9
Regional Overview. 13
Investments In Emerging Europe ... 13
Industry Risk Reward/Ratings... 19
Poor Show From Western Europe Hurts Region's Score In BMI Ratings ... 19
Table: BMI Industry Risk/Reward Ratings For Autos In Europe . 23
Macroeconomic Forecast 24
Table: Turkey - Economic Activity, 2011-2016 . 26
Industry Forecast Scenario .. 27
Table: Turkey Automotive Production, 2010-2017 . 27
Table: Turkey Automotive Sales, 2010-2017. 27
Market Developments 29
Trade. 32
Table: Turkey Automotive Trade, 2010-2017 32
Competitive Landscape .. 35
Latest Developments .. 41
Suppliers 48
Company Monitor .. 50
Fiat Profits Continue To Tumble.... 50
Company Profiles .. 52
Ford Otosan 52
Hyundai Assan. 54
Oyak Renault ... 55
Toyota Motor ... 56
Türk Otomobil Fabrikasi 57
Country Snapshot.. 58
Table: Turkey's Population By Age Group, 1990-2020 ('000) 59
Table: Turkey's Population By Age Group, 1990-2020 (% of population).. 60
Table: Turkey's Key Population Ratios, 1990-2020 61
Table: Turkey's Rural And Urban Population, 1990-2020 61
BMI Methodology... 62
How We Generate Our Industry Forecasts ... 62
Automobile Industry... 63
Sources .. 63Table: Passenger Car Sales H
Table: BMI Industry Risk/Reward Ratings For Autos In Europe
Table: Turkey - Economic Activity, -
Table: Turkey Automotive Production, -
Table: Turkey Automotive Sales, -
Table: Turkey Automotive Trade, -
Table: Turkey's Population By Age Group, - (')
Table: Turkey's Population By Age Group, - (% of population)
Table: Turkey's Key Population Ratios, -
Table: Turkey's Rural And Urban Population, -

  • Challenges in the Tourism Industry in Thailand
    Thailand has always been a popular tourist destination and tourism provides a major boost to the country’s economy. Bangkok, Hua Hin, Krabi, Samui, Phuket and Cha Am are some of the most attractive tourist destinations in the country. In 2012, Thailand had a very high number of arrivals. Even the number of Thai citizens who [...]
  • Future of the US Consumer Electronics Market
    The market for consumer electronics has been growing steadily. Some of the factors that are contributing to the growth in the market are technological advancement, rise in disposable income and increasing demand for new products. During 2012, consumer electronics market in the US demonstrated positive expansion, although the growth rate slowed down considerably following the [...]
  • Overview of the Global Retail Market
    The global retail industry continued to grow despite the difficult economic conditions in the world. In the fiscal year of 2011, sales-weighted, currency-adjusted revenue rose by 5.1% to $4.271 trillion for the world’s top 250 retailers. According to GRDI (Global Retail Development Index), in 2013 Brazil occupied the top spot in retail development. Chile and [...]
  • Bright Future Predicted for the Tourism Industry in Singapore
    Travel and tourism industry in Singapore has been growing at a steady rate and is considered to be a major contributor to the economic growth of the country. In 2012, Singapore’s IVA (International Visitors Arrivals) reached a record high of 14.5 million, with a growth rate of 10.1% year-on-year. In recent years, inbound travel to [...]
  • Potential of Staffing Market in United States
    The staffing industry places individuals into contract, temporary and permanent positions in firms around the world. Major staffing markets include France, Spain, Italy and Japan as well as many emerging markets. Temporary staffing around the world has been growing, but in US temporary market has been flat since 2006. The majority of staffing revenue majorly [...]
  • Graft-Versus-Host Disease (GVHD) Treatment Market worth $407 million by 2018
  • The graft-versus-host disease (GVHD) treatment market value will increase from $297 million in 2013 to $407 million by 2018, at a Compound Annual Growth Rate (CAGR) of 6.59%, according to research and consulting firm GlobalData. The company’s latest report* states …

  • Poland Pharmaceutical Industry Growing at 8.3% CAGR to 2020
  • Factors such as the growing elderly population, increasing availability of affordable medicines, and transparent regulatory guidelines will provide the necessary impetus for the growth of the Polish pharmaceutical market, but a decrease in mark-up prices and the country’s stringent drug …

  • Asia-Pacific, Led by China, Drive the Global Methanol Industry
  • China is driving the global methanol industry, with tremendous demand from both its energy and petrochemicals sectors. It accounts for 87.9% of Asia-Pacific’s (APAC) methanol capacity, and 51.9% of the global methanol capacity. Despite a large planned capacity increase in …

  • Diagnostic X-ray Imaging Market worth $4.0 billion by 2020
  • GlobalData estimates that the global diagnostic X-ray imaging market, worth $2.4 billion in 2012, will reach almost $4.0 billion by 2020, increasing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Many players are active in …

  • Graft-Versus-Host Disease Market Forecast to 2023
  • Graft-versus-host disease (GVHD) is a common complication of allogeneic hematopoietic stem cell transplantation (HSCT) that occurs when the donated (graft) cells are rejected and attack the host’s cells as foreign. GVHD can progress from mild to severe forms as either …

  • Sweden Autos Report Q4 2014
    Published: 22-Oct-2014        Price: US $1295 Onwards        Pages: 45
    BMI View: BMI maintains a bullish view on vehicle sales in Sweden, based on a strong rebound from low base effects due weak sales in 2013, pent-up demand following sustained declines in recent years, and a broad recovery in the economy. The primary driver of this growth is the passenger car segment, which we expect to increase 18% in 2014. We also expect to see a strong recovery in the country's commercial vehicle (CV) segment, and we forecast a 15% over the full year. BMI expect to see a marked......
  • Global Automotive Interiors Market 2014-2018
    Published: 22-Oct-2014        Price: US $2500 Onwards        Pages: 72
    Automotive interiors mainly refer to the products used in the interior of an automobile to offer comfort and style and to differentiate it from other automotive. The growth of the Global Automotive industry coupled with the rising demand from consumers for interior comfort is leading to growth in the Global Automotive Interiors market. Furthermore, interior systems are becoming the focus point of differentiation for automobile manufacturers in a highly competitive marketplace. TechNavio's ana......
  • Ecuador Autos Report Q4 2014
    Published: 22-Oct-2014        Price: US $1295 Onwards        Pages: 41
    BMI maintains a relatively bullish outlook on the Ecuador autos sector in 2014, forecasting vehicle output growth of 7.6% and vehicle sales growth of 7.4% over the year. This growth is primarily on the back of strong increases in the passenger car segment, which has relatively high volumes, although we expect to see a sustained uptick in the commercial vehicle segment. The country's autos sector took a hit in 2013, with vehicle output dropping 16.2% and domestic sales declining 6.3%, on the back......
  • Global and China Tyre Pressure Monitoring System (TPMS) Industry Report, 2014-2017
    Published: 17-Oct-2014        Price: US $2400 Onwards        Pages: 120
    Following the United States that enforced TPMS installation laws and regulations on September 1, 2007, the EU and South Korea have also introduced similar legislations to accelerate the development of TPMS market. In 2013, the global demand for TPMS reached 29.39 million sets, with the assembly rate of up to 33.67%. With the growing prevalence of TPMS products in the EU and other regions, the global TPMS demand will hit 54.77 million sets in 2017, with the average annual growth rate of 16.83% an......
  • China Automotive Drive Shaft Market Report, 2014
    Published: 16-Oct-2014        Price: US $1899 Onwards        Pages: 110
    According to China Automotive Drive Shaft Market Report, 2014 released by SinoMarketInsight, Chinese automotive drive shaft market will keep an average growth rate of 8.29% in 2014-2017, and the market demand will reach 61.04 million units in 2017. Drive shafts are the parts of automobiles and construction machinery, on the demand of which the prosperity index and development scale of automotive and engineering machinery have a direct bearing. In 2013, China needed 44.38 million automotive dr......
  • China Passenger Car Telematics Industry Report, 2014-2017
    Published: 15-Oct-2014        Price: US $1800 Onwards        Pages: 78
    Since GM OnStar and Toyota G-Book officially embarked on China’s market in 2009, Chinese passenger car brands have launched their own Telematics products, such as Ford SYNC, Nissan CARWINGS, SAIC InKaNet, Honda HondaLink, Geely G-NetLink, Mercedes-Benz CONNECT, Volvo Sensus, BMW ConnectedDrive, Yueda KIA UVO, Dongfeng Citroen Citro?n Connect, Dongfeng Peugeot Blue-i, Hyundai Blue Link, Changan in Call, Chery Cloudrive and so on. In order to occupy "the fourth screen" in the mobile Internet ......
  • Car-sharing Market in Europe 2014-2018
    Published: 15-Oct-2014        Price: US $2500 Onwards        Pages: 62
    Car-sharing is a membership-based, self-service system that contains a network of stations and vehicles. This is an alternative to the traditional car ownership for individuals and companies. In this system, vehicles are owned by a separate firm or an organization or individuals and are shared by users for short periods. Over the past three decades, car-sharing has grown from a basic service provided by popular organizations to a widely recognized Urban Transport industry. It is also gaining its......
  • Tire Market in Japan 2014-2018
    Published: 15-Oct-2014        Price: US $2500 Onwards        Pages: 65
    Tires constitute an integral component of automobiles and are manufactured using raw materials such as natural rubber, nylon tire cord fabric, and carbon black. Chemicals used for the manufacture of synthetic rubber, such as SBR and PBR, are also used in the manufacture of tires. The tires that are manufactured for the Automobile segment are of two types: cross ply or bias tires and radial tires. TechNavio's analysts forecast the Tire market in Japan to grow at a CAGR of 9.45 percent over the......
  • CNG Vehicles Market in Europe 2014-2018
    Published: 15-Oct-2014        Price: US $2500 Onwards        Pages: 85
    CNG is a natural gas used in automobiles as an alternative to gasoline and diesel. Natural gas is a mixture of hydrocarbons that is found deep within the earth, and primarily consists of methane. In a CNG vehicle, natural gas is compressed and put into the vehicle through a gas dispenser. This gas then runs through high-pressure cylinders and enters the engine of the vehicle, which helps the vehicle start functioning. Although CNG is not the most pollution-free form of energy, vehicles that run ......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs