Turkey is one of the few countries to see its car market increasing in 2020
- Turkey is one of the few countries to see its automotive market increasing in 2020 compared to 2019, this market having increased by 58.9% over the cumulative first seven months of 2020. Turkey is indeed just starting to slowly recover from several years of crises.
- In 2019, the market had collapsed (-20.4%) due to an economic crisis raging in the country and was followed by a political crisis, which began a year earlier (the Turkish market had already fallen by 32, 7% in 2018 compared to 2017).
- In 2020, and since June, there has been a strong increase in registrations (without talking about catching up), with an increase of 58.9%. The Turkish market is coming back and is therefore approaching its pre-crisis levels, meaning the levels of 2016 and 2017.
- Which carmakers have benefited the most from this catch-up? The PSA group is the carmaker that has benefited the most from the revival of the Turkish market, with an increase of 144.6% compared to last year, overtaking the FCA group which produces locally (45,178 sales compared to 39,785 in the first seven months of 2020). This situation could encourage PSA to produce locally, thanks to its merger with FCA. Other successful carmakers, the Ford group saw its sales increase by 75% and the Volkswagen group by 74%. Renault-Nissan remains the leader of the Turkish market, with 64,648 units over seven months of 2020, ahead of Volkswagen and PSA.
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