Impacts of 2001 and 2008 Economic Crises on Turkish Automotive Market

Essay by ozgurmadranUniversity, Bachelor'sA, September 2010

download word file, 33 pages 0.0

ABSTRACT

The automotive industry is undoubtly an area that has significant effects concerning to the world economy as well as influencing every household world wide. Changes in the supply and demand of automobiles impact the current and future purchases of consumers. Consumers must determine the budget that they can allocate to certain necessities. Because most consumers have a limited budget, the budget spent on transportation it limited. Since numbers of industries have an influence on the economy, the automotive industry has potential impacts exceeding that of other industries.

The aim of this study is providing a brief understanding of general overview of automotive industry and the importance of the industry in large. In this framework, this study initially will look at the conditions led to economics crises in 2001 and 2008 and the consequences of those crises, from interest and inflation rates to consumption. The following part of the study will evaluate the impacts of 2001 and 2008 crises over Turkish automotive industry.

In this context, this study will look at changes in production and sales and employment levels in Turkish automotive industry by making comparison between pre-crisis and in-crisis periods.

TABLE OF CONTENTS

Pages

51. INTRODUCTION �

62. AUTOMOTIVE INDUSTRY �

62.1. Industry Overview �

72.2. Brief History of Automobile Industry �

72.3. The History and Development of the Turkish Automobile Sector �

112.4. The Importance of the Automobile Industry �

112.4.1. Contribution of Turkish Automobile Industry to Exports �

112.4.2. Contribution to Turkish Transportation and Logistics �

122.4.3. Contribution to Technology and the Attraction of Foreign Investment �

122.4.4. Contribution to Labor Force �

122.5. The Major Players in the Market �

143. 2001 AND 2008 ECONOMIC CRISIS �

143.1. Anaemic catching-up process until the 2001 economic crisis �

193.2. The 2000/2001 crisis �

203.3. The ongoing...