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Analysts believe the presumption is possibly based on Guangdong-headquartered Chinese technology giant Tencent's recent acquisition of a 5 percent stake in Tesla as well as China's growing demand for new energy cars.

And with shop prices rising as the Turkish lira has tumbled, losing nearly 30 percent of its value against the dollar last year, the auctions offer a welcome alternative.

An said the three companies will also cooperate in terms of production and purchasing.

Analysts said the sales momentum is an indicator of the healthy rebound in domestic demand as well as a sign that infrastructure projects are increasing amid accelerated work and manufacturing resumption across the country. The government's effective measures to contain the spread of COVID-19 epidemic and the orderly resumption of business will continue to buoy demand in the long run, they said.

An outstanding instance obtains in the Caribbean island of Jamaica.