A leading Turkish auto industry figure believes the sector will contract by 15-20% in the next 12 months on the back of falling demand and exports.
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Official figures from the Automotive Industry Association (OSD) have yet to be released but general secretary Ercan Tezer said the country’s passenger and light commercial vehicle sales fell 17% last year.
Tezer told Reuters: “Production and exports can be expected to decline by 15-20% (in 2009). The total market can also be expected to fall 15%.”
In mid-2008 it was thought Turkish car production would reach 1.4m units after strong sales in the first five months.
But Tezer said: “Production will end the year below 1.2m units with the sharp slowdown of the last three months, while exports can be expected to fall to 880,000 units from 1m units.”
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