Turkey car market dropped 13% in October 2012. Renault and Opel up.

On 5 November, Fitch Ratings upgraded Turkey’s long-term foreign currency sovereign rating to BBB-, raising the country to investment grade level for the first time since 1994. A statement released by Ed Parker, managing director of Fitch, cited the soft landing, low government debt, the strong banking system, and positive future growth prospects as reasons for the upgrade. He said Turkey was on track for sustainable growth rate in the coming years, having lowered the current account deficit and inflation.

Parker also noted risks to the economy, including that Turkey’s high current account deficit and low savings rate left the country exposed to shocks in the global market. Despite economic rebalancing, he did not expect the current account deficit to shrink further from 7.2% of GDP in 2013. He added that further escalation of regional political instability and any divergence from Medium Term Economic Programme targets could affect Turkey’s rating in the future.

This upgrade was really important for the next months and years country perspectives and confirmed the solid growth of the Turkey economy.

The car light passengers vehicles market in October posted 59.936 sales, down 13.5%% from last year and the year-to-date sales were 587.400, down 12.5%, but the growing economic environment would create the base for a new positive cycle in the car market, after the strong growing period posted in 2010 and 2011.

Looking at the best brands performance:

Fiat reinforced its leadership. Turkey is one of the three markets worldwide were Fiat is market leader (the others are Italy and Brazil). This month sales were 10.044 with a share of 14.1%, down 1.3 points of share from the third quarter. Year-to-date sales were 92.259 with a share of 15.7%. The locally produced Linea is the best-selling model in the market.

Volkswagen was 2rd, up 2 spots from the previous month, with 6.901 sales. However its share of 11.4% was down 0.4 points from the previous quarter. Year-to-date it was 3rd with 71.488 sales and a share of 12.2%. The best-selling model was the Polo ranked 13th.

Ford was 3nd, outpaced by Volkswagen, with 96.820 sales and a share of 11.4%, down 1.1 points from the previous quarter. Year-to-date it was 2nd with 74.586 sales and a share of 12.7%. The top model was the Fiesta ranked 3rd .

Renault was 4th with 6.633 sales and a share of 11.1% posting a strong recover from the third quarter. Year-to-date sales were 64.024 with a share of 10.9%. The top model was the Fluence, in 2nd position.

Opel was 5th, up 2 spots, with 4.797 sales and 8.0% of share, up 2.0 points of share from the third quarter. Year-to-date sales were 36.424 with a share of 6.2%. Opel posted two models in the top 10, the Corsa in 4th and the Astra in 7th.

Hyundai was 6th with 3.990 sales and a share 6.7%, up 0.4 points of share from the previous quarter. Year-to-date sales were 35.094 with a share of 6.0%. Hyundai is running to outpace Opel in the yearly ranking. The top model was the i20, 5th this month.

Toyota was 7th with 3.605 units and a share of 6.0%, up 0.3 points from the previous quarter. Year-to-date sales were 27.267 with a share of 4.6%. The best-selling model was the Corolla, 10th.

Dacia was 8th with 2.149 sales and a share of 3.6%, flat on the third quarter. Year-to-date sales were 21.551 with a share of 3.7%.

In the table below, the Top 20 Brands, ranked by year to date position:

Rank

Brand

Oct

Ytd Oct

Q1

Q2

Q3

Oct

Ytd Oct

1

Fiat

10.044

92.259

16,0%

15,5%

15,4%

16,8%

15,7%

2

Ford

6.820

74.586

12,4%

13,5%

12,5%

11,4%

12,7%

3

Volkswagen

6.901

71.488

12,3%

12,5%

11,9%

11,5%

12,2%

4

Renault

6.633

64.024

13,7%

12,5%

7,2%

11,1%

10,9%

5

Opel

4.797

36.424

5,7%

6,2%

6,0%

8,0%

6,2%

6

Hyundai

3.990

35.094

6,1%

5,4%

6,3%

6,7%

6,0%

7

Toyota

3.605

27.267

3,7%

3,9%

5,7%

6,0%

4,6%

8

Dacia

2.149

21.551

4,0%

3,5%

3,6%

3,6%

3,7%

9

Citroen

2.027

16.567

2,7%

2,5%

3,0%

3,4%

2,8%

10

Peugeot

1.622

16.528

2,8%

2,9%

2,7%

2,7%

2,8%

11

Mercedes

1.435

16.145

2,4%

2,6%

3,2%

2,4%

2,7%

12

Chevrolet

1.093

15.427

3,0%

2,9%

2,3%

1,8%

2,6%

13

Nissan

1.585

14.297

2,2%

2,3%

2,6%

2,6%

2,4%

14

Honda

1.485

13.554

3,3%

2,0%

1,9%

2,5%

2,3%

15

BMW

1.025

11.641

1,5%

2,3%

2,1%

1,7%

2,0%

16

Audi

1.003

10.585

1,5%

2,0%

1,9%

1,7%

1,8%

17

Kia

877

9.333

1,6%

1,6%

1,6%

1,5%

1,6%

18

Skoda

832

7.663

1,2%

1,1%

1,5%

1,4%

1,3%

19

Seat

639

4.121

0,5%

0,7%

0,8%

1,1%

0,7%

20

Volvo

349

4.036

0,7%

0,7%

0,7%

0,6%

0,7%

Looking at the top models (as usual our data are updated at the previous month, September), the Fiat Linea was leader for the 8th consecutive month, with 3.244 sales and a share of 4.7%, up 0.6 points of share from the previous month.

The Renault Fluence recovered the 2nd position from the 12th last month, with 2.573 sales and a share of 3.7%. The Ford Fiesta was 3rd with 2.350 units, followed by the Opel Corsa, surged in 4th from the previous 10th, with 1.572 sales.

The Hyundai i20 climbed the 5th place, from the 11th, selling 1.547 units, followed by the Ford Focus, 6th with 1.535 units and the Opel Astra, 7th with 1.356.

The Honda Civic was 8th, from 13th, with 1.345 pieces, while the Volkswagen Jetta dropped n 9th from the 4th.

The best Toyota, the Corolla was 10th, from the 15th in the previous month.

In the table below, the Top 20 models ranked for the last month:

Rank Sep

Rank Aug

Rank Ytd

Model

Sep

Ytd Sep

Q2

Aug

Sep

Q3

Ytd Sep

1

1

1

Fiat Linea

3.244

24.200

4,9%

4,1%

4,7%

4,4%

5,3%

2

12

2

Renault Fluence

2.573

17.903

3,5%

1,8%

3,7%

2,9%

3,9%

3

2

3

Ford Fiesta

2.350

16.140

3,5%

3,3%

3,4%

3,1%

3,5%

4

10

6

Opel Corsa

1.572

11.690

2,3%

1,9%

2,3%

2,2%

2,6%

5

11

11

Hyundai i20

1.547

9.619

1,5%

1,9%

2,2%

2,0%

2,1%

6

7

7

Ford Focus Sedan

1.535

11.304

2,1%

1,9%

2,2%

2,1%

2,5%

7

5

5

Opel Astra HB

1.356

13.664

2,8%

2,3%

1,9%

2,5%

3,0%

8

13

12

Honda Civic

1.345

9.510

1,3%

1,8%

1,9%

1,7%

2,1%

9

4

9

Volkswagen Jetta

1.314

10.886

2,0%

2,7%

1,9%

2,0%

2,4%

10

15

16

Toyota Corolla

1.240

7.711

1,3%

1,5%

1,8%

1,6%

1,7%

11

17

18

Nissan Qashqai

1.131

6.811

1,2%

1,4%

1,6%

1,5%

1,5%

12

9

14

Hyundai Accent

1.075

7.960

1,2%

1,9%

1,5%

1,4%

1,7%

13

16

8

Volkswagen Polo

1.069

11.058

2,0%

1,4%

1,5%

1,9%

2,4%

14

3

10

Renault Clio

985

10.420

1,7%

2,7%

1,4%

2,0%

2,3%

15

25

25

Mercedes C Class

959

4.472

0,9%

1,0%

1,4%

1,0%

1,0%

16

22

19

Dacia Duster

953

6.237

1,2%

1,0%

1,4%

1,1%

1,4%

17

19

4

Renault Symbol

905

14.325

3,0%

1,2%

1,3%

1,3%

3,1%

18

21

21

Renault Megane

892

5.819

0,9%

1,1%

1,3%

1,2%

1,3%

19

24

23

Fiat Grande Punto

826

4.636

0,9%

1,0%

1,2%

1,1%

1,0%

20

20

24

BMW Series 3

752

4.523

0,7%

1,1%

1,1%

1,0%

1,0%

To be updated over this and other global countries, please subscribe to our free newsletter. Just click here.

Would you need our help, data or consulting over this country or subject, please mail at info@focus2move.com.

(108)

In the spotlight

Laos Automotive Report 2010-2025

Laos Automotive Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.