Turkish Car Market (PC + LUV) 2017
- The Turkish car market (PC + LUV) fell by 2.8% in 2017, compared to 2016 which had recorded slightly positive growth. Political instability in the country and region continue to impede real market growth. As a result, sales of light vehicles in Turkey remained below one million units, at 956,000 vehicles (compared to 984,000 vehicles in 2016). Turkey, which in 2016 had become the second largest market (580 000 units) for EU car exports, behind the United States (1 090 000 units) and ahead of China (520 000 units) retained this position in 2017. Turkey imported 530 000 vehicles from the EU last year, while China imported 500 000 units.
- The Renault-Nissan Group is the Turkish market leader in 2017 (22.3% market share), ahead of the Volkswagen Group (18.9% market share). It is interesting to note that the Renault-Nissan group is the largest producer of cars in Turkey while the Volkswagen Group does not produce in this country and imports all its vehicles from the European Union. The FCA group (12.8% market share), which is one of the largest car producers in Turkey is third, ahead of Ford (11.6), Hyundai-Kia (7%) and PSA (6, 6%).
- The manufacturers that increased the most in Turkey in 2017 are Honda (+ 28.9%), which is however at less than 3% of the market, FCA (+ 12.7%) and Renault-Nissan (+ 6.0%). The Volkswagen group fell by 12.8%.
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