Turkey Autos Report Q2 2013: New Research Report Available at Fast Market Research
Weaknesses in domestic and export demand resulted in almost a 10% year-on-year (y-o-y) fall in Turkish vehicle production, to 1,072,978 during 2012, estimates from the country's autos association, OSD, have shown. Passenger car and commercial vehicle output declined by 9.8% y-o-y each, to 577,296 units and 495,682 units respectively during the year. On the back of our core view about continued pessimism in Europe - the country's main vehicle export destination - and only partial recovery in domestic demand, we...
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