< Back to situations

Monitor this situation.

[SITUATION] · [ACTIVE] · [BUSINESS]

75 clusters · 184 sources · 160 days · First seen · Last updated

Turkey automotive market trends and second-hand volatility

Overview

The contraction in Turkey’s automotive market has extended through late 2026, characterized by declining sales and aggressive manufacturer discounting. Following a 25% drop in new vehicle sales in July, August saw a further 20.28% decline. This downturn is largely attributed to high interest rates, tight credit restrictions from the Banking Regulation and Supervision Agency (BDDK), and economic volatility.

To clear inventory, manufacturers have launched intense promotional campaigns. In September, Skoda and Nissan introduced significant reductions; Skoda offered 751,800 TL off the Kodiaq Prestige, while Nissan provided a 595,500 TL discount on specific Qashqai trims. Other models, such as the Skoda Superb Sportline, have shown price gaps as high as 974,800 TL. In October, Fiat and Fiat Professional expanded these efforts with cash discounts and interest-free credit options for models including the Grande Panda Electric and the Doblo Combi Easy.

The second-hand market has faced significant stagnation and price volatility. In August, listing prices saw their first decline of the year, falling 0.42% month-on-month, which represented a 2.21% decrease when inflation-adjusted. VavaCars reported that while used car prices rose 8.7% over the last year, this growth trailed both annual inflation (31.51%) and the appreciation of the US Dollar and Euro.

Market trends show a growing preference for SUVs, which increased their new vehicle market share to 65.5%. Consumer behavior is also being influenced by fluctuations in gold prices, with some sellers converting vehicle assets into gold while buyers delay purchases to monitor precious metal trends.

Entities

Turkey · Škoda · Renault · Fiat · VavaCars

Claims

What the coverage asserts, and how many sources carry each claim.

Coverage disagrees

Sources make claims that cannot both be true. CLSTR reports the disagreement; it does not decide who is right.

  • "Car sales in July 2026 declined 25.79% to 62,478 units."

    vs

    "July 2026 total car and light‑commercial vehicle sales in Turkey fell 25.0% year‑on‑year to 80,786 units."

    The first claim asserts total car and light-commercial vehicle sales were 80,786 units, while the second claim asserts car sales alone were 62,478 units, which would imply light-commercial sales of 18

Timeline

  1. [BUSINESS] 2 sources
    Fiat launches October promotional campaigns in Turkey

    Fiat has introduced October 2026 promotional offers in Turkey, featuring cash discounts and interest-free credit for the Grande Panda Electric, Topolino, and Doblo models.

  2. [BUSINESS] 2 sources
    Automotive companies launch October 2026 sales and leasing campaigns in Turkey

    Automakers in Turkey have launched October 2026 sales campaigns, including DS Automobiles' deferred leasing options for specific professions and various brand discounts.

  3. [BUSINESS] 5 sources
    Automakers in Turkey announce major October 2026 discounts

    Automakers in Turkey, including Citroen and Nissan, have announced major October 2026 promotions featuring significant cash discounts and interest-free credit on various electric and hybrid models.

  4. [BUSINESS] 3 sources
    Nissan Turkey announces October vehicle promotions and financing

    Nissan Turkey has launched October promotions featuring up to 400,000 TL in cash discounts for the Qashqai and 0% interest credit options for Juke and Townstar models.

  5. [BUSINESS] 5 sources
    Automotive markets see high prices and significant campaign discounts

    Automotive markets face high costs globally, with Singapore leading expensive city rankings. In Turkey, September campaigns offer significant discounts on models like the Škoda Superb.

  6. [BUSINESS] 4 sources
    Skoda and Nissan announce major vehicle discounts in Turkey

    Skoda and Nissan have launched major discount campaigns in Turkey, with Skoda offering up to 751,800 TL off the Kodiaq and Nissan providing 595,500 TL off specific Qashqai models.

  7. [BUSINESS] 4 sources
    Turkey second-hand car prices see first decline of the year

    Turkey's second-hand car market saw its first price decline of the year in August, with real prices dropping 2.21% due to new car campaigns and market shifts.

  8. [BUSINESS] 6 sources
    Automakers launch major sales campaigns in Turkey to boost market

    Turkish automakers, including Skoda and Opel, are launching major September campaigns with discounts and zero-interest credit to combat a recent decline in vehicle sales and high financing costs.

  9. [BUSINESS] 2 sources
    VavaCars reports decline in Turkish used car prices

    VavaCars reports that Turkish used car prices fell 0.2% in August, with annual growth trailing both inflation and foreign exchange rate increases.

  10. [BUSINESS] 8 sources
    Turkish automotive market sees major price discounts

    Turkish automotive companies are offering major discounts to clear stock, causing significant gaps between list and dealer prices. SUV market share is rising while sedan and hatchback sales decline.

  11. [BUSINESS] 2 sources
    Turkey second-hand car market sees monthly recovery in July

    Turkey's second-hand car market saw a 5% monthly increase in July, contrasting with a 25% drop in new vehicle sales. Stock durations are shortening as auction-based platforms emerge to manage price volatility.

  12. [BUSINESS] 19 sources
    Turkey second-hand car market faces stagnation

    Turkey's second-hand car market faces stagnation due to new vehicle campaigns, high interest rates, and gold price volatility, with buyers shifting toward the 700,000-800,000 TL price range.

  13. [BUSINESS] 3 sources
    Turkey automotive tax revenues decline amid falling sales

    Turkey's automotive tax revenues fell 2.55% in July amid a 25% drop in vehicle sales. Meanwhile, a legislative proposal for retiree tax exemptions remains under review in parliament.

  14. [BUSINESS] 7 sources
    Turkey automotive market sees 25% sales drop in July 2026

    Turkey's July 2026 auto market fell 25% YoY to 80,786 units; car sales down 25.79% and light‑commercial down 22.17%. Dealers face loss budgets, SUVs lead with 65.5% share, Renault tops sales.

  15. [BUSINESS] 2 sources
    Turkey's Used Car Market Grows Yet Faces Buyer Pause Over High Interest Rates

    Turkey’s vehicle fleet growth fuels used‑car opportunities, but high interest rates are keeping buyers on hold and slowing sales.

  16. [BUSINESS] 16 sources
    Turkey updates ÖTV vehicle tax, adds drivetrain rule, sets minimum fees

    Turkey's parliament rewrites ÖTV vehicle tax, adding drive‑system criteria, setting 100k TL for cars and 30k TL for electric motorcycles, and giving the President power to adjust rates up to ten‑fold.

  17. [BUSINESS] 2 sources
    Turkey hybrid cars claim 33% market share, matching Togg EV cost

    Hybrid sales in Turkey hit 145,804 units in early 2026, giving a 33.1% market share; top models consume as little as 2.8 L/100 km, and hybrid fuel costs rival Togg EV charging costs around 44,300 TL per year.

  18. [POLITICS] 3 sources
    Turkey moves toward tax‑free car program for retirees

    Turkey's parliament is debating a bill to give retirees ÖTV‑free car purchases, with conditions on eligibility, resale and price limits; the draft cites many brands but is not yet law.

  19. [BUSINESS] 2 sources
    Turkey Trade Ministry grants export‑processing permits to 608 firms

    Turkey’s Trade Ministry issued internal processing permits to 608 firms in June 2026, plus additional sale and external‑processing permits, while cancelling 19 permits and revoking one, to strengthen export‑or‑

  20. [POLITICS] 4 sources
    Turkey's Parliament reviews tax‑exempt car list for retirees and disabled citizens

    Turkey's parliament is considering a bill to grant ÖTV‑free cars to eligible retirees and disabled citizens, outlining a model list and a 2.87 million TL price cap; the proposal has not yet been debated or rat‑

  21. [BUSINESS] 9 sources
    Turkey used‑car market 2026 sees modest sales dip amid high financing costs

    Turkey’s used‑car market sold 4.3 million units in H1 2026, a 1 % drop due to high loan rates, with forecasts of 8.5‑9 million annual sales; a guide lists six models for a 500 k TL budget.

  22. [BUSINESS] 3 sources
    Turkey becomes EU's third-largest market for new vehicle exports, trade hits €37bn

    In 2025 Turkey became the EU's third‑largest market for new vehicles, with total automotive trade reaching €37 billion, including €18.8 bn of EU exports to Turkey and €18.2 bn of Turkish exports to the EU.

  23. [BUSINESS] 21 sources
    Turkey's vehicle registrations exceed 34.5 million in June

    Turkey’s vehicle fleet surpassed 34.5 million in June, with 194,740 new registrations (motorcycles 49.4 %, cars 37.8 %) and 941,964 vehicle transfers; Renault led new car registrations.

  24. [BUSINESS] 7 sources
    Turkey moves to overhaul vehicle tax rules and clarifies ATV taxation

    Turkey’s parliament adds drivetrain to vehicle ÖTV calculations and Danıştay clarifies ATV tax classification, while a retiree‑tax‑free vehicle proposal stalls.

  25. [BUSINESS] 22 sources
    Turkey’s 2026 export totals reach historic highs

    Turkey’s 2026 export figures hit historic highs: grain exports $901 M, free‑zone sales $6.6 B, e‑export drives growth with $1.5 B sales, and vehicle trade with the EU reaches €37 B.

  26. [POLITICS] 3 sources
    Turkish MP Ömer Fethi Gürer proposes scrapping VAT on car repairs

    Turkish CHP MP Ömer Fethi Gürer has tabled a bill to abolish VAT on vehicle maintenance, parts and related services, aiming to cut costs for owners and boost regular upkeep.

  27. [BUSINESS] 2 sources
    Turkey's automotive industry awards exporters and launches a new innovation fund

    Turkey's auto sector honored top exporters, launched a 75 m TL innovation fund and reported Jan‑Jun passenger‑car exports to 82 markets at $5 bn, down 5% YoY, led by France.

  28. [BUSINESS] 17 sources
    Turkey's first‑half 2026 exports hit $136.6 billion, with shipbuilding, food and textiles driving growth

    Turkey's H1 2026 exports rose 3.6% to $136.6 billion, led by Istanbul, with shipbuilding, food and textile sectors showing mixed results and free zones delivering half of export volume.

  29. [BUSINESS] 29 sources
    Turkey’s June 2026 Export Surge and Revised Import Regime Boost Trade

    June 2026 Turkish exports jumped 21.8 % to $25 bn, imports rose 23.1 %; new import regime eases duties on inputs. Service export up 3.2 % to $122 bn, distant‑country exports hit $14.3 bn, auto export fell 5 %.

  30. [BUSINESS] 16 sources
    Turkey posts $41.5 bn auto export record, ranks 13th globally

    Turkey's auto exports hit $41.5 bn in 2025, lifting the country to 13th globally and leading Europe in light‑commercial‑vehicle production.

  31. [BUSINESS] 17 sources
    Turkey's Export Outlook Improves While Import Outlook Slips in Q3 2026

    Turkey’s Q3 2026 export outlook index rose to 101.5, import outlook slipped to 102.7; minister cites strong exporter confidence and record‑high export volumes.

  32. [BUSINESS] 3 sources
    Turkey's Used Car Prices Rise 5% in First Half of 2026

    Turkey's used‑car prices rose 0.74% in June 2026 and 5% year‑to‑date, staying below inflation (17.7%) and currency depreciation, pointing to a stable market.

  33. [BUSINESS] 3 sources
    Turkey's export demand falls as central bank sees no rate‑cut room

    Turkey’s export demand stays weak, trade volume falls 13.9%, and Commerzbank says high core inflation leaves no scope for interest‑rate cuts.

  34. [BUSINESS] 2 sources
    Uludağ Exporter Unions Report June Export Surge

    Uludağ Exporter Unions said first‑half 2026 exports rose 5% to $21.8 bn, with June figures up across automotive, textile, clothing and fruit sectors despite global economic and logistical challenges.

  35. [BUSINESS] 2 sources
    Antalya and Yalova post record export growth in 2026

    Antalya’s June 2026 exports rose 31% to $188 M, with agriculture making up 62% of total. Yalova’s first‑half 2026 exports hit $815.9 M, up 171%, led by shipbuilding and yacht services.

  36. [BUSINESS] 4 sources
    Togg tops 2026 Turkish EV sales as Volkswagen prepares ID. Tiguan electric SUV

    Togg led Turkey's 2026 EV sales while Volkswagen readied the ID. Tiguan electric SUV to replace the ID.4, both highlighting a rapidly expanding electric‑car market.

  37. [BUSINESS] 4 sources
    Togg Leads Turkish EV Market as New Zero‑Interest Financing Campaign Launches

    Togg’s T10X topped June 2026 Turkish EV sales, followed by T10F and KG Mobility; a July 0 % interest, three‑month deferral financing plan aims to accelerate its market lead.

  38. [BUSINESS] 12 sources
    Turkey car market contracts 9.8% in H1 2026 as hybrid sales surge

    Turkey’s car market fell 9.8% in H1 2026 to 440,234 units; hybrids rose 6% to 33.1% share, EVs held 18.5% despite a dip, while SUVs dominated sales.

  39. [BUSINESS] 4 sources
    Turkey's June manufacturing PMI drops to 47.1 as BIST 100 climbs above 14,400

    Turkey's June PMI fell to 47.1, reflecting deeper manufacturing contraction, while the BIST 100 rose above 14,400 and Soho Giyim launched a 15 TL per share IPO.

  40. [BUSINESS] 3 sources
    Turkey's May trade deficit shrinks as imports drop faster than exports

    Turkey's trade deficit narrowed 15.6% YoY to $5.6 bn in May as imports fell 10.8% to $28.1 bn while exports dropped 9.5% to $22.5 bn; Germany led exports, Russia led imports.

  41. [BUSINESS] 2 sources
    Turkey's May Trade Declines as Exports Fall 9.5% and Imports Drop 10.8%

    Turkey’s May 2026 trade fell, with exports down 9.5% to $22.46 bn and imports down 10.8% to $28.07 bn; the deficit narrowed to $5.61 bn. In Thrace, Tekirdağ, Kırklareli and Edirne posted modest exports, led by

  42. [BUSINESS] 5 sources
    Turkey's May exports fall, Aydın region notes 4.9% dip amid calendar effects

    Turkey's May exports dropped 9.5% to $22.5 bn, with Aydın region down 4.9% to $160.6 m; trade deficit narrowed and steel output rose 8.9% to 3.4 mt.

  43. [BUSINESS] 28 sources
    Turkey sees higher food poverty line, stable unemployment, May trade down

    Turkey’s food poverty line hit 35,758 TL, unemployment stayed at 8.2 % and May exports fell 9.5 % to $22.5 bn, narrowing the trade deficit.

  44. [BUSINESS] 5 sources
    Turkey's used car market highlights fast‑selling models and buyer checklist

    In Turkey, Fiat Egea, Toyota Corolla and Honda Civic lead fast‑selling used cars, while buyers are urged to verify TRAMER records, mileage, paint thickness, chassis numbers and perform cold‑engine checks.

  45. [BUSINESS] 8 sources
    Turkey's economic confidence climbs as inflation and trade deficit widen

    Turkey’s confidence index rose to 98.9 in June, but inflation stays above 30 %, industrial output fell, trade deficit widened and retail sales remain strong.

  46. [BUSINESS] 2 sources
    Renault and TOGG launch interest‑free auto financing campaigns in Turkey

    Renault and TOGG unveil interest‑free financing for their Turkish models, with Renault offering discounts and a 6‑month credit, and TOGG providing 12‑month zero‑interest loans up to 900,000 TL for the T10F and

  47. [BUSINESS] 2 sources
    Togg hits 105,000 users, secures 25% market share and lines up three new EV models for 2027

    Togg now serves over 105,000 users, holds about 25 % of Turkey’s EV market and will launch three B‑segment models from mid‑2027 after partnering with CATL’s CAIT.

  48. [BUSINESS] 3 sources
    Turkey's electric SUV market booms as EV registrations near 450,000

    Turkey’s electric SUV sales surge, led by Togg T10X and Tesla Model Y, as EV registrations climb to over 430,000, marking 2.5% of the vehicle fleet.

  49. [BUSINESS] 9 sources
    Renault Clio named Turkey’s 2026 Car of the Year

    Renault Clio was voted Turkey’s 2026 Car of the Year by OGD with 3,360 points, beating BMW iX3 and Togg T10F; other awards went to BMW iX3, Hyundai and TOSFED’s Eren Üçlertoprağı.

  50. [BUSINESS] 6 sources
    Turkey’s automotive sector ranks 5th in Europe as trade minister launches mobility fund

    Turkey’s auto industry is now 5th in Europe and 13th worldwide; trade minister Ömer Bolat launched the OIBVentures Mobility Innovation Fund to boost EV and mobility start‑ups.

  51. [POLITICS] 2 sources
    Turkey's public vehicle fleet expands despite savings package

    Turkey’s 2024 savings package to cut public vehicle numbers failed; the fleet grew by over 9,000 vehicles and more than 10 billion lira was spent on new purchases, while sales yielded under 100 million lira.

  52. [POLITICS] 11 sources
    Turkey's parliament to wipe tax debt on old scrapped vehicles

    Turkey's parliament received a proposal by CHP MP Melih Meriç to cancel motor vehicle tax, interest and penalties for 2000‑model or older vehicles unused, uninsured and uninspected for five years, if owners scr

  53. [BUSINESS] 7 sources
    General Motors re‑enters Turkish market with Cadillac, Chevrolet and GMC lineup

    General Motors returned to Turkey via Turoto, offering Cadillac, Chevrolet and GMC models with prices up to 47.5 million TL; taxes stay high despite cuts, and the first batch sold 60‑70 % of units.

  54. [BUSINESS] 2 sources
    Turkey vehicle registrations fall in May as Izmir records sharp decline

    May vehicle registrations in Turkey fell 24% YoY to 159,623, with Izmir down 18% MoM yet still third in new registrations; electric/hybrid cars now exceed 50% of new car sales.

  55. [BUSINESS] 4 sources
    Turkey reports construction growth, services decline and vehicle registrations topping 34 million

    Turkey's construction index rose 0.7 % while services fell 0.6 %; vehicle registrations in May pushed total road vehicles past 34 million, with cars and motorcycles dominating new registrations.

  56. [BUSINESS] 2 sources
    Turkey sees sharp rise in Muğla motorcycle registrations amid overall May vehicle registration decline

    In May 2026, Muğla added 1,641 motorcycles, raising its total to 318,554, while Turkey’s overall vehicle registrations fell 24% year‑on‑year, with 159,623 new vehicles recorded.

  57. [BUSINESS] 2 sources
    Turkey auto production drops 10% as vehicle tax revenue tops 282 billion lira

    Turkey’s auto output fell 10% to 538,718 units Jan‑May 2026, while vehicle ÖTV tax collections rose 11% to over 282 bn lira, with per‑vehicle tax reaching 678 k lira.

  58. [BUSINESS] 3 sources
    Turkey automotive exports slip 15% to 373,825 units in Jan‑May 2024

    Turkey’s automotive production fell 10% to 538,718 units and exports slipped 15% to 373,825 units in Jan‑May 2024, with car exports down 29% and overall export value at $16.6 bn.

  59. [BUSINESS] 2 sources
    Turkey's May Export Surge to Ukraine Reaches $656.6 million

    Turkey’s May exports to Ukraine rose by $339.6 million to $656.6 million, led by chemicals, electricity/electronics and steel, driven by war‑related reconstruction demand.

  60. [BUSINESS] 2 sources
    Fiat launches June zero‑interest credit campaign in Turkey

    Fiat’s June Turkey campaign offers zero‑interest credit up to nine months for commercial models and 12‑month financing for passenger cars, including the electric Grande Panda, with down‑payment options as low a

  61. [BUSINESS] 3 sources
    Turkey's car market cools as used‑vehicle prices dip and electric light‑commercial sales surge

    Turkey's used‑car listings fell 1.6% in May as holiday slowdown hit prices, while electric light‑commercial vehicle sales jumped 146% to 1,174 units, capturing 1.2% of the segment.

  62. [BUSINESS] 2 sources
    Turkey export index rises, trade balance hits 90.1 in April

    Turkey’s April 2026 trade data show export unit‑value index up 13.7% and quantity index up 7.6%, while import quantity fell 7.3%; the external trade balance index rose to 90.1 from 88.2.

  63. [BUSINESS] 2 sources
    Turkish automotive exports fall 17% in May while overall export volume rises

    Turkey’s automotive exports fell 17% in May to $3.264 bn, yet the sector rose 2.6% Jan‑May to $17 bn; Germany stayed the top market. Provincial data show Çorum’s May export $436 m (‑21%) and five‑month total $2

  64. [BUSINESS] 2 sources
    Turkey auto brands roll out zero‑interest June 2026 car financing and price promotions

    Renault, Opel, Citroën, Chery, Peugeot, Toyota and others unveiled zero‑interest financing and trade‑in deals for June 2026 in Turkey, with credit limits up to 1 million TL and special pricing on models such as

  65. [BUSINESS] 2 sources
    Turkey automotive exports fall 17% in May, total $3.26 bn

    Turkey's automotive exports fell 17% in May to $3.26 bn, with passenger cars down 23% and trailers up 13%; Germany remained the top market.

  66. [BUSINESS] 2 sources
    Turkey's Export Climate Index climbs to 50.3 in May as Europe weakens, US grows

    Turkey's May export climate index rose to 50.3, showing steady demand despite weak European markets and continued US growth; Middle‑East economies posted post‑conflict recovery.

  67. [BUSINESS] 3 sources
    Peugeot and BYD unveil June 2026 price lists for Turkey

    Peugeot and BYD posted June 2026 price lists for their Turkish models, including hybrids, electric cars and campaign prices for multiple variants.

  68. [BUSINESS] 3 sources
    Turkey's Export Market Climate Shows Limited Improvement in May

    Turkey's export climate index rose to 50.3 in May, showing modest improvement as European demand stays weak, Middle‑East recovers, and Bursa's May exports hit $3.39 bn.

  69. [BUSINESS] 3 sources
    Turkey's Uludağ Exporter Unions report $3.4 billion May export, automotive sector leads

    Turkey's Uludağ Exporter Unions reported May exports of $3.389 bn, with automotive at $2.916 bn and a 3 % rise in total exports to $17.738 bn for the first five months of 2026.

  70. [BUSINESS] 2 sources
    South Korea and Turkey report falling May auto sales

    May auto sales fell in South Korea (4% drop, Kia up) and Turkey (23% drop), highlighting a regional demand slowdown.

  71. [BUSINESS] 4 sources
    Turkey reports sharp drops in May automotive sales and exports

    Turkey saw a 22.5% plunge in May vehicle sales and a 9.3% drop in exports, narrowing the trade deficit to $5.6 bn and raising coverage to 80.1%.

  72. [BUSINESS] 2 sources
    US and Turkey auto markets face steep demand drops and rising prices

    US and Turkish car markets see sharp demand declines, higher prices and a shift toward SUVs as consumers grapple with tighter finances.

  73. [BUSINESS] 3 sources
    Turkey's June 2026 Auto Price Lists Reveal Togg and Škoda Pricing

    Turkey's June 2026 auto price lists show Togg EVs starting near 1.87 million TL and Škoda offering discounts up to 626,500 TL, with electric models seeing significant cuts.

  74. [BUSINESS] 2 sources
    Renault tops Turkey's May 2026 auto sales as market shrinks

    Renault led Turkey's May 2026 auto sales with 10,926 units as the market fell 7.4% YoY; Togg topped EV sales with 3,505 units amid a broader slowdown.

  75. [BUSINESS] 2 sources
    Turkey used‑car market sees price rise and highlights risky models

    Turkey's April used‑car listings rose to ~912k TL but real prices fell; Renault Clio leads, while 7 models are flagged as costly to maintain.

Sources

61saat.com · aksam.com.tr · aksiyon.com.tr · anadoludabugun.com.tr · ascend.technology · automobilemagazine.com.tr · avrupagazete.co.uk · aydinlik.com.tr · aydinses.com · baskentgazete.com.tr · batmanpusula.com · bazaartimes.com · benguturk.com · beyazgazete.com · beyazgundem.com · bizimtv.com.tr · blitzrecruitment.com · bloomberght.com · boldmedya.com · borsagundem.com · borsagundem.com.tr · brevis.hr · bursahaber.com · bursahakimiyet.com.tr · carpages.ca · chinafinanceonline.com · cityresearchonline.co.uk · cnbce.com · contextodedurango.com.mx · corumhaber.net · corumhakimiyet.net · coursematch.com · cumhuriyet.com.tr · dartsnmore.com · diarioelperuano.pe · dicecompany.nl · dokuzeylul.com · donanimgunlugu.com · donanimhaber.com · doviz.com · dunya.com · egemengazetesi.com · ekonomist.com.tr · ekoturk.com · ekz.ch · enpolitik.com · ensonhaber.com · epochtimestr.com

This summary has been updated 14 times: see revision history