Analysis of the share of passenger cars in the total road motor vehicles in Turkey reveals a gradual increase from 56.7% in 2013 to 59.99% in 2023. This upward trajectory is reflected in a year-on-year growth rate, which stood at approximately 0.28% annually over the last two years. The compound annual growth rate (CAGR) over the last five years was 0.21%, indicating a consistent, albeit slow, increase in the share of passenger cars.
Key future trends to watch for include the potential impact of government policies on vehicle emissions, the introduction of electric vehicles, and changes in consumer preferences. Additionally, economic factors and advancements in public transportation infrastructure may influence the market share of passenger cars in Turkey.
