The first Formula Three championship in Turkey was held in 1994 following importation of F3 cars end of 1993 sponsored by cooking oil refinery Olin and cigarette brand Marlboro.

At the first edition drivers Mahir Bayındır, İbrahim Levent, Cem Hakko, Hakan Dinç, Ali Başakıncı, Ertan Nacaroğlu, Mert Dura and Mümtaz Tahincioğlu, the future president of the Turkish Motorsport Federation, took part.

Drivers such as İlham Dökümcü, Jason Tahincioğlu, Uğur Işık, Yalın Kılıç, Emre Ergör and Mehmet Kasap joined the championship.

[4] The F3-cars used in Turkey are powered by 4-cylinder naturally aspirated spec engines of 173 hp (129 kW) in average with a displacement of 2,000 cc (2.0 L) and a weight of 450kg.

[4] The speed record for a Formula Three car in Turkey was set at 208 km/h (129 mph) by Mümtaz Tahincioğlu at İzmit Körfez Circuit.