Turkish Lira Collapse To Weigh On Vehicle Production
Fitch Solutions / Autos / Turkey / Wed 03 Apr, 2019
We believe that the Turkish currency crisis will continue to have an adverse effect on the country’s vehicle production in 2019, as manufacturers will find it more difficult and expensive to import components and vehicle assembly kits.
Increasing borrowing costs and an elevated inflation rate will impact demand for new vehicles domestically as the ability by consumers and businesses to use loans to purchase vehicles erodes, slowing rates of vehicle sales growth in key Turkish export markets and leading to added strain.
Emerging Europe and the MENA regions both offer increasing
More:Turkish Lira Collapse To Weigh On Vehicle Production