Research and Markets: Turkey Autos Report Q2 2012

DUBLIN--()--Dublin - Research and Markets (http://www.researchandmarkets.com/research/2wsgr7/turkey_autos_repor) has announced the addition of the "Turkey Autos Report Q2 2012" report to their offering.

Turkey Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Turkey's automotive industry.

The Turkish Automotive Industry Association (OSD) reported an 8% drop in vehicle manufacturing in January 2012, when compared to the same month in the previous year. This led to overall vehicle production of 84,000, while car production was at 47,000. In the same period, 21,077 new passenger cars were sold in Turkey, a decline of 29% y-o-y. Sales of light commercial vehicles fell 8.4% in comparison to January 2011 to 8,468 vehicles, Automotive News reports. However, during the same period, the capacity utilisation rate was at 65% for light vehicles (including cars, pick-ups and minibuses), and 82% for heavy vehicles. The OSD stated that the Central Bank's policy of a reduction in loan volume has negatively affected sales velocity, along with fluctuations in the value of the Turkish Lira - which has lost around 20% of its value against the US Dollar since the start of 2011.

Heavy vehicles have been doing very well in recent years, with an overall 39% growth in the segment over the course of 2011, according to a Reuters report in January. This brings the total number sold to 45,000 - one of the best years since the financial crisis. One such example of this is Swedish commercial vehicle manufacturer Volvo Trucks, which increased sales by 31% year-on-year to 1,265 trucks and tow trucks in 2011, compared with 964 units in 2010, according to Volvo Group Turkey's General Manager Martin Ericsson. He added that the 2011 sales were the company's highest since its launch in 2001. Volvo Turkey leads among its regional competitors, including Portugal, Greece, Israel, Ukraine and Romania.

WHY BUY THIS REPORT

- Rely On BMI's Independent 5-year Forecasts As A Benchmark to test other views - a key input for successful budgetary and strategic business planning.

- Target Business Opportunities & Risks through BMi's reviews - and major deals, projects and investments.

- Exploit Latest Competitive Intelligence & Company SWOTS on your peers and competitors through company rankings by sales, market share, investments and leading products and services.

Companies Mentioned

- Ford Otosan

- Hyundai Assan

- Oyak Renault

- Toyota Motor

- T?rk Otomobil Fabrikasi

For more information visit http://www.researchandmarkets.com/research/2wsgr7/turkey_autos_repor

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): 353-1-481-1716
Sector: Automotive

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): 353-1-481-1716
Sector: Automotive