In 2023, the turnover in the sale of motor vehicles in Turkey stood at an actual value (not provided in the dataset). The forecasted values from 2024 to 2028 show a consistent increase: 432.6 billion TRY in 2024, 471.91 billion TRY in 2025, 510.84 billion TRY in 2026, 549.41 billion TRY in 2027, and 587.6 billion TRY in 2028.
The year-on-year percentage variations show the following trend:
- 2024-2025: 9.09%
- 2025-2026: 8.24%
- 2026-2027: 7.54%
- 2027-2028: 6.95%
The compound annual growth rate (CAGR) over this five-year period averages around 8.43%.
Future trends to watch for include the impact of technological advancements in vehicle manufacturing, changes in consumer preferences moving towards electric vehicles, and potential fluctuations in the Turkish economy that could influence purchasing power and financing options.
