Equity Analysis /
Turkey

Turkish autos: Light vehicles sales volume declined by %45 y/y in July

  • P. Cars decreased by 48% y/y to 36.3K units whereas LCV sales decline by 36% y/y to 11.5K units in July 2021

  • We foresee LV sales to increase by 13% y/y to 877K units in 2021e. 

  • In our optimistic-case scenario, we expect 22% y/y increase to 944K units in 2021e assuming better economic conditions,

Aytunc Uz
Aytunc Uz

Equity Research Analyst

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
3 August 2021
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