Page 54 - TURKRptMar20

find overly optimistic. But the general consensus is that the Turkish economy will escape a contraction and grow at around 3% this year. Any positive growth will definitely translate into stronger demand for cars.
Turkey is Europe’s 5th largest automotive producer. Large local carmakers are usually joint ventures with global brands. Tofas is a JV between Turkey’s largest industrial group Koc Holding and Fiat and Ford Otosan is a partnership between Koc and Ford. Other large local carmakers include Honda Turkey, Hyundai Assan, Oyak Renault and Toyota Turkey.
Turkey's Vehicle Industry
(units)
2019
y/y
Jan
y/y
P. Cars Production
982,642
-4%
75,396
6%
Total Production
1,461,244
-6%
109,783
0%
P. Cars Sales
387,256
-20
22,016
101%
Total Sales
491,909
-23
28,025
89%
P. Cars Imports
230,078
-29%
13,690
102%
Total Imports
277,070
-30%
16,275
94%
P. Cars Exports
828,744
-5%
60,438
3%
Total Exports
1,252,586
-5%
89,962
-4%
P. Cars Exports (USD mn)
11,865
-5%
1,033
27%
Total Exports (USD mn)
31,232
-3%
2,464
4%
Tractor Production
23,899
-37%
2,515
137%
Grand Total
1,485,143
-7%
112,298
1%
source: osd
9.1.3​ Transport sector news
Turkey’s 56 airports served a total of 209mn passengers in 2019, down 0.8% y/y, according to data from airports authority DHMI.
The number of domestic passengers plunged 11.3% on an annual basis to 100mn whereas the international traveller tally jumped 11.4% to stand at 209mn.
Istanbul Airport, the mega airport which in April 2019 replaced Istanbul Ataturk
54​ TURKEY Country Report​ March 2020 ​ ​www.intellinews.com