MarketsBusinessTurkiye

Chinese Auto Brands Capture 10% of Turkish Market: Rising Influence Amid Regulatory Changes

Despite Increased Turkish Market Share, Chinese Automakers Urged to Invest Locally Amid New Import Tariffs and Growing Sales

In the first five months of the year, Chinese automobile brands have secured an 8.13% share of Turkiye’s overall automotive market, including both passenger cars and light commercial vehicles. According to data compiled by the Automotive Distributors and Mobility Association (ODMD), the total number of vehicles sold reached 471,743 by the end of May, with a 6% increase in sales compared to the previous period.

This growth has brought attention to the impact of recent regulatory changes. The Turkish government, aiming to boost local production and investment, has introduced additional customs duties on gasoline and hybrid vehicles originating from China. These tariffs amount to either 40% of the import value or $7,000 per unit, whichever is higher. This move has prompted discussions on the future of Chinese automotive investment in Turkiye.

Despite their growing presence in the market, Chinese brands have remained cautious about committing to local production. Industry experts note that while Chinese automakers view Turkiye as a strategic gateway to Europe, they have yet to take significant steps toward establishing manufacturing operations within the country. The Turkish automotive sector continues to await substantial investment from Chinese firms, emphasizing the need for local production to balance trade and enhance economic stability.

The list of Chinese brands in Turkiye, currently including Skywell, MG, Chery, Leapmotor, Seres, Maxus, Hongqi, DFSK, BYD, and NETA, is expected to expand with the addition of SWM and Jaecoo. As these brands increase their market share, their impact on the local automotive landscape grows, highlighted by the 26,990 sales by Chery, making it the top-selling Chinese brand in Turkiye.

Source: AA / Prepared by Irem Yildiz

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