In 2023, Turkey's passenger car ownership stood at 171. Forecasted data from 2024 to 2028 indicates a steady increase: 176 in 2024, 181 in 2025, 185 in 2026, 190 in 2027, and 194 in 2028. Year-on-year variations show a consistent growth pattern. The average Compound Annual Growth Rate (CAGR) over the forecasted period is approximately 3.2%.
Future trends to watch for:
- Impact of economic fluctuations on vehicle affordability.
- Shifts towards electric and hybrid vehicles driven by environmental policies.
- Changes in consumer preferences and urbanization rates.
