An Unsaturated Passenger Car Market in an Emerging Economy: The Case of Turkey

Lale Duruiz and Orhan Erdem

Chapter 9 in Global Automobile Demand, 2015, pp 36-68 from Palgrave Macmillan

Abstract: Abstract Historical patterns in car ownership in the world indicate that growing wealth is a powerful determinant of the demand. Turkey, with its young and large population, has one of the fastest growing economies in the world in 2010, which attracts the attention of global players because of its unsaturated passenger car market. Even though car ownership has been growing faster than income, one could expect a higher demand for cars given the income level reached by Turkey.

Keywords: Purchase Power Parity; Fuel Price; Current Account Deficit; Vehicle Ownership; Current Account Balance (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-51617-6_3

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DOI: 10.1057/9781137516176_3

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