Experts predict Turkish automotive market to face the pressure of exchange rates in 2018

Experts predict Turkish automotive market to face the pressure of exchange rates in 2018

Tofaş Automotive Factory in Bursa Turkey Looking at the data from the first 11 months of 2017, the sector will close the current year with a sales figure of 950-975 thousand vehicles. However experts think there may be a slight decline in number of sales in 2018 due to devaluation of Turkish lira as well as additional tax hikes imposed by the government. It More...

by BTT | Published 1 year ago
Koç and Sabancı groups may compete for huge project to renew buses in Libya
By BTT On Monday, November 13th, 2017
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Koç and Sabancı groups may compete for huge project to renew buses in Libya

KOÇ HOLDING and SABANCI HOLDING are the 2 largest conglomerates in Turkey. However these giant groups pay attention to their best, not to enter the same sectors (obviously to avoid tough competition with each More...

Turkey’s president to meet Elon Musk, founder of electric car company Tesla
By BTT On Wednesday, November 8th, 2017
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Turkey’s president to meet Elon Musk, founder of electric car company Tesla

Elon Musk, founder of big companies such as electric car brand Tesla and space transportation company SpaceX, is scheduled to come to Turkey. It is reported that President Tayyip Erdogan will receive Elon Musk More...

Demand in car leasing sector is growing in Turkey
By BTT On Sunday, October 22nd, 2017
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Demand in “Car Leasing Sector” in Turkey to grow due to increases in new vehicle prices

It is reported that “Car Leasing Sector” in Turkey expects to enjoy a substantial growth following the substantial increases in vehicle prices as well as related taxes hikes imposed by the government. In fact, More...

Hyundai Assan will provide support for domestic car production
By BTT On Sunday, September 17th, 2017
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Turkish Hyundai Assan ready to extend support for production of domestic automobile

Domestic car production in Turkey has been among the top priorities of the Ak Parti government for a long while as expressed by ERDOGAN over and over again. However, no automotive group has volunteered to accomplish More...

Renault becomes Turkey's best-selling car brand to replace Volkswagen
By BTT On Sunday, September 10th, 2017
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Renault becomes Turkey’s best-selling car brand to replace Volkswagen

Volkswagen, which was the “best-selling automobile and light commercial vehicle” brand  in Turkey for the last 4 years, lost its place to Renault in January-August 2017. Based on data by the Automotive More...

Anadolu Isuzu Electric Bus
By BTT On Sunday, September 3rd, 2017
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Turkish Anadolu Isuzu company will develop electric bus for public transportation

Anadolu Isuzu, a major Turkish automotive company has started to work on the development of a 24 meters electric bus for public transport. The vehicle is designed to have double berths with a capacity of 300 passengers. The More...

By BTT On Saturday, August 19th, 2017
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Top 20 exporters list of Turkey announced by Turkish Exporters Association

According to the Top 1000 Exporter Company-2016 survey prepared by the Turkish Exporters Assembly (TIM), FORD OTOMOTİV ranked number one on the list for top exporters of Turkey with US$ 3,9 billion followed by More...

By BTT On Tuesday, July 25th, 2017
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In first half 2017 automotive sector makes 78.24 percent of its exports to EU

In the first half of the year, the Turkish Automotive Sector made 14 billion 359 million 485 thousand dollars portion of its exports corresponding to 78.24 percent to European Union (EU) countries. The sector, More...

By BTT On Tuesday, July 18th, 2017
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Turkish automotive sector is heading for new record in exports in 2017

Automotive sector is a major source to generate export revenues adding substantially to the economy of Turkey. The Turkish companies operating in the sector have a very important share in world markets and Europe, More...