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Automotive Industry
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Automotive News Europe, November, 2006
Turkey's auto market suffers sales slide
After several years of strong growth, Turkey's new-vehicle sales are headed for a sharp decline in 2006, industry experts say.
"This year we expect sales of passenger cars and commercial vehicles to decrease 10 percent to 15 percent from 710,000 units in 2005 to 600,000-640,000 units," said Ercan Tezer, general secretary of the Turkish automotive manufacturers association.
Alfredo Altavilla, depasting CEO of Turk Otomobil Fabrikasi, a joint venture between Fiat Auto and Koc Holdings, predicts that the country's 2006 unit ...
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