Chinese electric vehicles expand share in Türkiye’s registered cars
File photo shows electric cars for export waiting to be loaded on the "BYD Explorer NO.1", a domestically manufactured vessel intended to export Chinese automobiles, at Yantai port, in eastern China's Shandong province, on Jan. 10, 2024. (AFP Photo)
The popularity of Chinese brands in Türkiye soared in December 2024, following BYD’s stormy entrance into the market with a 3.7% share in just one month and the increasing sales of Chery cars.
Meanwhile, the market leader Renault’s share declined by 2.2 percentage points, alongside other European brands.
According to the Turkish Statistical Institute (TurkStat), 108,753 cars were registered in December 2024, surging by 28.17% compared to the previous month. Among newly registered cars, the increasing share of Chinese brands reached 6.7%, driven by BYD’s debut in the market. On the other hand, despite European brands slightly increasing their sales, their market share dropped to 55.4% from 71.2% in the previous month.
BYD entered the Turkish market on Nov. 15, 2024 recording 6,591 vehicle sales within 32 days.
Other key insights
- At the end of December, the total number of registered road motor vehicles in Türkiye was 31,301,389.
- Cars made up 51.9% of the total, followed by motorcycles at 20.0%, small trucks at 15.0%, tractors at 7.2%, trucks at 3.2%, minibuses at 1.7%, buses at 0.7%, and special purpose vehicles at 0.3%.
- In 2024, vehicle registrations increased by 13.5%, reaching 2.598 million. In December alone, cars accounted for 45.5% of new registrations, motorcycles for 39.6%, small trucks for 9.0%, tractors for 3.0%, trucks for 1.7%, minibuses for 0.8%, buses for 0.3%, and special purpose vehicles for 0.1%.
- Among the 1,014,830 cars registered in 2024, gasoline-fueled cars constituted 60.8%, hybrid cars 16.7%, diesel cars 11.3%, electric cars 10.2%, and LPG cars 1.0%.
- By the end of December, diesel-fueled cars accounted for 34.1% of the 16,232,458 registered cars, followed by LPG-fueled cars at 31.9%, gasoline-fueled cars at 30.2%, hybrid cars at 2.4%, and electric cars at 1.1%.
