Turkish Industry Minister sees automotive sector on rise

Turkey's industry minister said on Thursday that Turkish automotive sector was "on the rise".

Turkish Industry Minister sees automotive sector on rise

Turkey's industry minister said on Thursday that Turkish automotive sector was "on the rise".

Speaking to AA in the southern province of Adana, Turkish Industry & Trade Minister Nihat Ergun said that the number of automobiles sold in Turkey increased in 2009 despite the global economic crisis.

"A total of 306,000 automobiles were sold in 2008 while it rose up to 370,000 in 2009," he said.

Noting that the ratio between population and number of vehicles in Turkey was below the world average, Ergun said car ownership rate in Turkey was 135 automobiles per 1,000 people while it was 145 automobiles per 1,000 people in the world.

"The sector has not reached its saturation point yet," he said.

Pointing to the growing young population of Turkey, Ergun said people had the desire to purchase automobiles, therefore, there was a significant potential in the domestic market.

Expressing the capability of the Turkish automotive sector, Ergun said the sector used high technology, besides, its workmanship was qualified.

Ergun also said the sector carried out R&D activities on new engine technologies, hybrid vehicles and reduction of fuel consumption.

"It is possible for us to have a place in world markets with new brands and models. We are encouraging our businessmen and industrialists to do that," he said.

The Automotive Distributers' Association (ODD) has recently announced that Turkish automotive industry raised its sales by 12.77 percent in 2009 over 2008, thanks to reduction in luxurious consumption tax.

The industry sold a total of 557,126 vehicles in 2009, ODD said.


AA

Last Mod: 25 Şubat 2010, 11:37
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