New Transportation market report from Business Monitor International: "Turkey Autos Report Q1 2014"
Boston, MA -- (SBWIRE) -- 01/29/2014 -- 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 BMI'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. Furthermore, the 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.
View Full Report Details and Table of Contents
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. 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.
Browse all Transportation research reports at Fast Market Research
You may also be interested in these related reports:
- Russia Autos Report Q1 2014
- Kuwait Autos Report Q1 2014
- Thailand Autos Report Q1 2014
- Serbia Autos Report Q1 2014
- United Arab Emirates Autos Report Q1 2014
- Algeria Autos Report Q1 2014
- Egypt Autos Report Q1 2014
- Hungary Autos Report Q1 2014
- Canada Autos Report Q1 2014
- Italy Autos Report Q1 2014
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)