Automotive & Mobility 2024
MarketFor the automotive and mobility industry, describe the market’s significance and identify major trends.>>🔗
The automotive and mobility industry is one of the most significant drivers of Turkish industrial production. With over ten producers, most operating under licence or as joint ventures, over 150 research and development centres, three automotive design and engineering centres, and a production capacity of over 2 million vehicles per year, in 2022 Türkiye was the 13th largest producer of motor vehicles in the world and the fourth largest in Europe, having grown steadily over the past decade. In terms of actual production, Türkiye produced 952,667 cars and 573,296 commercial vehicles in 2023 for a total of 1,525,963 vehicles, of which 1,018,247 were exported.
As at the end of 2023, there were 28,740,492 vehicles in Türkiye, of which 53 percent were cars and 47 percent commercial vehicles. Retail sales for the same year included 967,341 automobiles and 265,294 light commercial vehicles, which represented an overall increase of 57.4 percent compared with 2022.
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