Turkish vehicle production declined 2.4% year-on-year (y-o-y) in the first five months of 2014, to 455,980 units, despite a surge in passenger car output, on the back of sharp declines in commercial vehicle (CV) manufacturing. 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

      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 18

      Table: Commercial Vehicle Market - Historical Data And Forecasts (Turkey 2012-2018) 18

      Light Commercial Vehicles 18

      Heavy Trucks 20

Suppliers 22

Macroeconomic Forecasts 23

      Table: Turkey - GDP By Expenditure 30

Industry Risk Reward Ratings 31

Europe - Risk/Reward Ratings 31

      Table: Europe Industry Risk Rewards Ratings Table 35

Competitive Landscape 36

Alternative Fuels 36

Company Profile 38

Honda Motor 38

Ford Otosan 40

Regional Overview 42

Europe Overview 42

Global Industry Overview 45

      Table: Passenger Car Sales March 2014 45

European Growth Gathers Momentum 45

Japan Prepares For Tax Fallout 47

China Wobble Adds To BRIC Weakness 48

Demographic Forecast 51

Demographic Outlook 51

      Table: Turkey's Population By Age Group, 1990-2020 ('000) 52

      Table: Turkey's Population By Age Group, 1990-2020 (% of population) 53

      Table: Turkey's Key Population Ratios, 1990-2020 54

      Table: Turkey's Rural And Urban Population, 1990-2020 54

Methodology 55

Industry Forecasts 55

Sector-Specific Methodology 56

Sources 56

Risk/Reward Ratings Methodology 57

      Table: Automotive Risk/Reward Ratings Indicators And Weighting Of Indicators 58

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