Pushed by low interest rate and recovery of consumer's economic confidence index, the Turkish car market in March was up 6.0%, with first quarter sales up by 11.9%. Strong sales on Astra pushed up Opel performance, while Renault share fell.
In February, the new positive momentum of the Turkish light passenger market was confirmed and sales were 16.9% up, with a cumulate 2013 volume up by 11.9%. Renault and Volkswagen confirmed the strong sales performance, with Fluence market leader.
Following a negative 2012, in January the Turkish car passengers market started booming 29.6% from last year. Protagonists were the two market leaders, Volkswagen and Renault, both at record share, driven by strong demand on Jetta and Symbol.
2012 interrupted the Turkish light passenger vehicles growing trend, with sales fell by 10.9% from the 2011 level, actually the best ever sales year for this market. Volkswagen was leading the market with a small gap over Renault.
Pushed by recovered economic growth, the Turkey the car rose 12.9% in November, partially offsetting the year-to-date shortfall, now at only 10.3%. Volkswagen posted an outstanding performance surging on top of the market.
In Turkey the car market was struggling again in October after a double digit increase reported in the previous month. October sales fell 13.5% from last year and year-to-date sales were down 12.5%. Renault and Opel posted a strong recovery.
The Turkey car market in September posted the first positive year-on-year results in a declining year. Light vehicles sales were 69.729 sales, up 16.2% from last year. However, year-to-date sales were 527.464, down 12.4%. Toyota was the fastest growing brand.
In August 2012, the Turkey light passengers market posted 58.148 sales, flat from last year, after the only 1% decline posted in July. Now, year-to-date August sales were 457.735, down 15.6%. Fiat and Renault share collapsed.
In July 2012, the Turkey light passengers market posted 62.304 sales, down 1% from last year as effect of car passenger market of 44.531, up 2.3% and LCV 17.773 sales, down 8.3%. Toyota posted the best share of the year, Renault the worst.
In June the Turkey car market posted the 11th consecutive year-on-year decline with 71.067 sales, down 12.7% from last year. The first half 2012 volume was 337.283, down 19.9% from last year. Fiat was leading with a share of 15.7%.
The Turkey car market posted the 10th consecutive year on year decline in May with 70.863 units sold, down 11.9% from last year, however being better than expected. Market is forecast turning in positive from July. Ford was second.
The Turkey car market posted the 9th consecutive year on year decline in April with 62.949 units sold, down 18.8% from last year. The forecast for the next few months is negative.
The Turkey car industry is falling down. In March the 42.270 registrations were 23.5% down on previous year, scoring the 8th negative month in a row. In the first quarter 2012, the total sales had been 132.402, down 27.2% on last year, the worst market trend among Top 40 global markets.
Turkey is the country of bridges and in the past as in the present and future it represents the point of conjunction between the Old Europe and the Middle East. However, Turkey is absolutely more than this, having an extension double than Germany (783.000 km2), a population of 78 million people (the 17th at global level) with high growing rate (1.2%).