Share of domestic vehicles increased in the Turkish automotive market
In the first 9 months, the share of domestic production sales in the automotive market rose to 34 percent, and the foreign trade balance generated a surplus of 3.5 billion dollars.
While total production in the Turkish automotive market reached 971,000 units in the first nine months of the year, the introduction of new models increased the sales share of domestically produced vehicles to 34 percent, turning the foreign trade balance positive and providing a surplus of 3.5 billion dollars.
Automotive Market in the First Nine Months
While the Turkish automotive market experienced an overall decline in the first nine months of this year, total automotive production stood at 971,000 units, and the market closed with sales of 803,465 units.
Despite a 6 percent decrease in production volume, newly introduced models reshaped the sector's dynamics.
Share of Domestic Production Sales Increased
With the introduction of new models, the share of domestically produced vehicles in total sales within the Turkish automotive market rose from 29 percent to 34 percent.
According to data from the Automotive Manufacturers Association, this rate provided a significant recovery across the market.
Domestic Ratios by Vehicle Class
According to data shared by Automotive Manufacturers Association President Cengiz Eroldu, the domestic share in passenger cars rose from 29 percent to 35 percent.
During the same period, the domestic share in light commercial vehicles increased from 21 percent to 24 percent, while in trucks it rose from 59 percent to 64 percent.
Foreign Trade Balance Generates Surplus
As a result of these positive developments in the sector, the foreign trade balance managed to turn positive after many years.
According to statements, the automotive sector achieved a total foreign trade surplus of 3.5 billion dollars during this period.
Sales Prices of New Model Vehicles
Among the newly launched vehicles, Hyundai's fully electric IONIQ 3 model, produced at its İzmit factory, went on sale with prices starting from 1,799,000 TL.
Meanwhile, Volvo's electric sedan model ES90 found buyers starting from 7,027,440 TL, and its entire first batch sold out in a short time.
Kia and Toyota's New Models
Kia Seltos took its place in the Turkish market with new-generation features and price tags starting from 2,349,000 TL.
The renewed Toyota Yaris Cross Hybrid was among the other new models offered for sale with prices starting from 2,388,000 TL.