The automotive sector in turkey: threatened by overcapacity

摘要

A significant uplift in demand in 1997 saw new car sales rise 32% on 1996 to 310,000 units, regaining the volume registered before the country's 1994 crisis, with importers, led by Opel, benefiting most. New investments in vehicle assembly areunder way-newcomers include Hyundai and Volkswagen-while the export base expands and tariffs tumble. Production advanced by 17% in 1997. The components industry has been fostered by a history of high local content levels, supplemented by additional recent investments.