Forecast: Passenger Cars in Use in Turkey

The number of passenger cars in use in Turkey has seen a steady increase from 2013 to 2023, with a noticeable dip in 2020. In 2023, the value stood at 12.78 million units, marking a 2.2% year-on-year increase from 2022. The five-year CAGR leading up to 2023 was 2.41%. The growth trends indicate stronger recovery after the pandemic dip in 2020, reflected by the 17.21% growth in 2021.

From 2024 onwards, the forecast suggests a continued increase in passenger cars in use, reaching 14.18 million units by 2028. The five-year CAGR for this forecasted period is 1.7%, reflecting a moderate growth rate of 8.77% over five years.

Future trends to watch for include:

  • Potential impacts of economic conditions on car ownership.
  • Influence of increasing governmental regulations on car emissions and potential shifts towards electric vehicles.
  • The role of shared mobility services and their effect on passenger car use.

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