Automotive Sector

In Turkey automotive sector is growing in parallel with positive developments and stable market but due to increasing costs’ negative effect to profitability and insufficient improvement in R&D activities and new product searches, in long term the sector will face several important risks such as capacity, inventory management and cost reduction.

The automotive sector has undergone a stagnant process in 2012 compared to 2011. It is stated that the main cause of this recession in 2012, which was closed with a loss of 10% compared to the previous year, is the economic crisis experienced in the European Union countries. However, the expectation of firms by 2013 is higher than previous years.
Thanks to GURELI’s experienced inspection teams who have detailed industrial data, legal inspections are carefully carried out.

Today EU and EFTA countries are at the top of the automobile manufacturing sector. But in international market Japan and Korea still dominates the market share. These countries are protecting their own market on a large scale. When you observe Germany, France, Italy and England, it is seen that the main industry companies purchase products from specific sub-industry companies and get along good with sub-industry companies in order not to disrupt manufacture. These companies want sub-industry companies to operate in accordance with them and closely follow technological developments. On the other hand, what China, who

recently assertively entered the market is going to do is a matter of interest.

In Turkey the strong features of this market are, existing capacity, sub-industrial capacity, the power of foreign partners, well educated entrepreneurs, competitive labor force cost, technological knowledge, the existence of quality management system and the experience of export.

Our tax groups are able to give consultancy on most complex international tax issues and they have the knowledge and experience about maintaining and improving company’s main sources of income, merge and purchase of companies, cost reduction, performance improving, and retail distribution issues.

GURELI provides the below basic services as the solution partners of its costumers:

• Independent External Auditing,
• Tax Auditing,Tax Consultancy,
• Information Technologies (IT) auditing,
• Information Technologies (IT) security,
• Process analyses, performance analyses-active cost control, operation efficiency,
• Financial Advising and Consultancy,
• International and Local public offerings,
• Providing support services, seminars and trainings related with UFRS, US GAAP and European Union accounting standards,
• Company Assessments,
• Mergers and Transfers,
• Due Diligence,
• Organizational Management,
• Internal Auditing,