Turkish passenger car market grew by 5.5% in 2022 compared to 2021
- The Turkish passenger car market remained at a good level in 2022, with a volume of 592,660 units, representing an increase of 5.5% compared to 2021. The Turkish market returns to the level of 2020, but still remains distant of the period 2015-2017 when it exceeded 700,000 units per year.
- Lets remind that in 2008, the Turkish market had fallen to 300,000 units and had gradually begun a slow rise to the 700,000 units per year just mentioned. The Turkish market, often subject to economic uncertainties, had gradually fallen to 400,000 units in 2019, before rising again from 2020 to 2022.
- More generally, the last two years show that Turkey has not really suffered from the logistical problems announced by the various carmakers, nor from the semiconductor crisis, nor from the war in Ukraine. In addition, electrification is completely absent from the Turkish market today while the Turkish government this year launched the project of a new local 100% electric carmaker: Togg.
- Despite the departure of Honda last year, the Turkish market is supplied by carmakers producing locally such as Stellantis whose market share increases from 27% to 31% between 2021 and 2022, Renault-Nissan whose market share increases from 21 % to 23% or Hyundai-Kia whose market share goes from 9% to 11%. At Stellantis, the Fiat brand represents the bulk of sales in the Turkish market, which has remained a very present brand since the 1960s.