The Turkish market (PC+LCV) declined by 35% in 2018
- The Turkish automotive market (PC+LCV) declined by 35% in 2018 to 621,000 units, compared to 956,000 units in 2017. This sharp decline is the result of a serious local economic crisis, partly due to a high level of debt that caused the Turkish lira to fall, (loss of a third of its value in one year) and galloping inflation.
- The Turkish automotive market fell to its lowest level since 2009.
- In 2019, the sharp decline in domestic demand, observed from the second half of 2018, should only be partially offset by an increase in exports.
- Inovev expects a small recovery in the Turkish market in the second half of 2019, with a volume of 700,000 units expected for the year as a whole. The recovery is expected to continue in 2020, with a volume of around 750,000 units.
- In 2018, all automakers ‘ sales declined on the Turkish market, except for the PSA group, which benefited from the takeover of Opel, which enabled it to offset the decline in sales of the Peugeot and Citroën brands.
- The Renault-Nissan group remains the leader on the Turkish market, with a market share of 22.9%, ahead of Volkswagen (18.1%), Fiat-Chrysler (11.7%), Ford (10.5%), PSA (10.2%), Hyundai-Kia (7.0%), Toyota (5.5%) and Honda (4.6%).
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