Turkey March 2023: Market up 61.7% to new record, Peugeot (+237.2%), Fiat (+134.7%) stand out

Peugeot sales are up 237.2% year-on-year in Turkey.

New light vehicle sales in Turkey surge 61.7% year-on-year to establish a new March record at 103,929 units. The previous record was set in March 2021 (96,428). The First Quarter volume is up a tremendous 55.2% to a record 235,971 sales, with every month this year so far setting a new record. The brands podium all outpace an already fast-running market: Fiat is up 134.7% to 19.7% share (almost double its 10.3% share in Italy), Ford up 121.5% to 10.8% and Peugeot up 237.2% to 8.5%. In contrast Renault (-15.9%) actually loses ground to just 7.9% share and is also down YTD at -3.1%. Volkswagen (+23%) is weak in 5th place but Opel (+82.4%) and Citroen (+106.7%) smash the market growth rate. Below, Cupra (+450.3%) overtakes Seat while MG (+379%), DS (+285.7%), Skoda (+100.9%), BMW (+126.8%) and Kia (+110.2%) all post fantastic gains. Chery lands directly at #20 and is already the best-selling Chinese brand above MG.

Previous month: Turkey February 2023: Fiat (+183.5%), Peugeot (+108.3%) stun in record market (+63.4%)

One year ago: Turkey March 2022: Market down -33.4%, Hyundai (+9%) only gainer in Top 24

Full March 2023 Top 45 All brands ranking below.