Market and production forecasts for Turkey in 2016-2017
- The Turkish market has progressed chaotically from 2011 to now. In 2016, it should approach 750,000 vehicles, and then fall down to 700,000 vehicles in 2017. These volumes, however, remain much higher than those recorded between 2005 and 2010 (300 000 to 500,000 units per year).
- Turkey can be deemed as an emerging country, as it is a country with low car ownership compared to the European Union (150 cars per 1 000 inhabitants against 550 for the EU), despite a market having grown by 42% from 2005 to 2015.
- Turkey has recently faced two difficult periods, one in 2008-2009, following the global economic crisis and its consequences onto the European automotive markets, the other since 2013, following the domestic political crisis and foreign policy tension on its eastern borders (Syria-Iraq).
- Turkish production is largely dependent on European markets since it exports nearly 75% of its production to this region.
Turkish production takes at the moment full advantage of the strong increase in the European market recorded in 2015 and 2016. But the Brexit could jeopardize this growth (fewer sales in Britain, that country being the first commercial prospects of Turkey on automobiles) and the Turkish production could fall down to 1.3 million vehicles in 2017 (from a peak of 1.4 million vehicles produced in 2016).
Turkish production takes at the moment full advantage of the strong increase in the European market recorded in 2015 and 2016. But the Brexit could jeopardize this growth (fewer sales in Britain, that country being the first commercial prospects of Turkey on automobiles) and the Turkish production could fall down to 1.3 million vehicles in 2017 (from a peak of 1.4 million vehicles produced in 2016).
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