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Follow on Google News | New market study, "Turkey Autos Report Q1 2011", has been publishedRecently published research from Business Monitor International, "Turkey Autos Report Q1 2011", is now available at Fast Market Research
In view of these trends, BMI has revised up its 2011 production expectations to just under 1.1mn units, signalling a complete recovery from the over 26% y-o-y fall in production in 2009. When compared with the feeble 4.4% growth expected in Czech autos output, to just over a million by end-2010, Turkey seems to be making a clear breakthrough. Turkish vehicle output surged 30.9% y-o-y to 108,624 units in October 2010, according to the country's Automotive Industrialists Association. In the first 10 months of the year, vehicle production rose 27.7% to 893,119 units. Production of commercial vehicles reported strong growth of 41% in the same period of the year. Turkish exports increased by 25.3% y-o-y to 630,943 units in the first 10 months. Further figures released show that new vehicle sales in Turkey also rose sharply by 165.06% y-o-y to 77,404 units in November 2010, compared with 29,202 units during the same period in 2009, according to the Automotive Manufacturers' Association (OSD). The increase came mainly from the low base effect due to low sales in 2009. Sales of passenger cars and commercial vehicles increased 181.54% and 139.41% y-o-y respectively in November 2010. The Turkish Minister of Industry and Commerce, Nihat Ergun, has called for the creation of a domestic Turkish car brand. The nation is currently one of the largest producers of vehicles in Central and Eastern Europe, but does not have its own homegrown car brand. This is a significant problem if Turkey is to diversify its auto industry away from just being a centre of production. The country will need to develop a vehicle for domestically developed models to be produced. If any such domestic brand was established, it is likely that foreign technical assistance for development would still be required. The long-term hope, however, is that a Turkish marque could recreate some of the success of other newcomers, such as Chery or Tata, to the global auto market. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: Executive Summary SWOT Analysis - Turkey Auto Industry SWOT - Political SWOT - Economic SWOT - Business Environment SWOT Regional Overview - Domestic Demand In Emerging Europe Will Steer Upturn Business Environment Ratings - EMs Show Off Potential - Table: Western Central And Eastern Europe Business Environment Ratings Industry Forecast Scenario - Table: Turkey Auto Production - Historical Data And Forecasts - Table: Turkey Auto Sales - Historical Data And Forecasts - Table: Turkey Auto - Historical Data And Forecasts, Ownership Rates - Table: Turkey Auto - Historical Data And Forecasts, Exports/Imports Macroeconomic Forecast - Table: Turkey - Economic Activity Competitive Landscape - Market Overview - Latest Developments - Government Policy - Commercial Vehicles - Suppliers - European Auto Suppliers In Global Rankings - Table: Europe - Top Automotive Suppliers (US$mn) Company Monitor - PSA Peugeot Citroen Regional Profile - Financial Woes - Focus On Faurecia - Eye On Eastern Europe Company Profiles - Ford Otosan - Hyundai Assan - Oyak Renault - Toyota Motor - Turk Otomobil Fabrikasi Country Snapshot: Turkey Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) BMI Methodology - How We Generate Our Forecasting Model - 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 http://www.fastmr.com/ 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 http://www.fastmr.com or call us at 1.800.844.8156. # # # 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. End
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