Turkey car industry: 2012 Outlook

Turkey’s economy is increasingly driven by its industrial and services sectors, although its traditional agriculture sector still accounts for about 30% of employment. An aggressive privatization program has reduced state involvement in basic industry, banking, transport, and communication, and an emerging cadre of middle-class entrepreneurs is adding dynamism to the economy.

Light vehicle Industry
the 2011 closed with the new all-time record for this market with 872.898 sales- The68% were passenger cars (593.165) and the 32% LCV (279.733). The 2011 was 14.7% better than previous year. However, the dramatic boost registered in the first half 2011, has been followed by a progressive decline. In January 2012, the market was 31.196 units, 30.3% down on previous year. This was the 6th negative months in a row.

Industry Forecast
Focusw2move.com is projecting the 2012 flat, with around 870.000 sales. After a declining first half, the second part of the year will show a growth over previous year. However rumors from the market, reports on very slow year start, that can project the full year below 2011 level.


In the spotlight

Laos Automotive Report 2010-2025

Laos Automotive Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.