A sharp decline in commercial vehicle (CV) manufacturing resulted in a decline in Turkish vehicle production of 1% year-on-year (y-o-y) in the first eight months of 2014, to 719,501 units. A surge in passenger car output during this period was not enough to arrest this decline. BMI forecasts a 0.5% increase in total vehicle output in 2014 due to sustained growth in the passenger car segment and a modest recovery in CV production.

BMI Industry View 7

SWOT 8

Political 9

Economic 11

Business Environment 12

Industry Forecast 13

Production And Sales 13

      Table: Autos Total Market - Historical Data And Forecasts (Turkey 2012-2018) 13

      Sales 14

Passenger Cars 15

      Table: Passenger Car Market - Historical Data And Forecasts (Turkey 2012-2018) 15

Commercial Vehicles 17

      Table: Commercial Vehicle Market - Historical Data And Forecasts (Turkey 2012-2018) 17

      Light Commercial Vehicles 17

      Heavy Trucks 19

Suppliers 21

Macroeconomic Forecasts 22

Economic Analysis 22

      Table: GDP By Expenditure (Turkey 2011-2018) 29

Industry Risk Reward Ratings 30

Europe - Risk/Reward Ratings 30

      Table: Europe Autos Risk/Reward Ratings 33

Competitive Landscape 35

Company Profile 37

Porsche 37

Ford Otosan 40

Regional Overview 42

Europe Overview 42

Global Industry Overview 44

      Table: Passenger Car Sales May 2014 (CBUs) 44

Outperformers Boost European Outlook 44

Trucks Give North America A Lift 45

India Brings Relief To BRICs 47

Demographic Forecast 49

Demographic Outlook 49

      Table: Turkey's Population By Age Group, 1990-2020 ('000) 50

      Table: Turkey's Population By Age Group, 1990-2020 (% of population) 51

      Table: Turkey's Key Population Ratios, 1990-2020 52

      Table: Turkey's Rural And Urban Population, 1990-2020 52

Methodology 53

Industry Forecasts 53

Sector-Specific Methodology 54

Sources 54

Risk/Reward Ratings Methodology 55

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 56

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