The forecast for the first registrations of brand new goods vehicles in Turkey indicates a stable trend from 2024 to 2028, with units per thousand persons remaining nearly constant at 1.9 from 2024-2025 and slightly increasing to 1.91 from 2026-2028. Reflecting on historical data, the year 2023 recorded a value of 1.9 units per thousand persons, marking no percentage growth from the previous year into 2024. Over a five-year period, the Compound Annual Growth Rate (CAGR) indicates a minimal increase, signifying a steady market with minimal fluctuations.
Future trends to watch for include:
- Technological advancements in vehicle manufacturing and logistics management.
- Government policies and incentives for new vehicle registrations.
- Economic factors influencing consumer purchasing power and market demand.
- Shifts towards sustainable and eco-friendly vehicles that could impact new registrations.