Equity Analysis /
Turkey

Turkish autos: Sales volume increased by 70% y/y in May, continues to soften m/m

  • Turkish Light Vehicle (LV) sales increased by 70% y/y to 54.7K units in May 2021, lower than our estimate of 70.9K units

  • P. Cars increased by 72% y/y to 43.1K units and LCV sales boosted by 62% y/y to 11.6K units in May

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

Aytunc Uz
Aytunc Uz

Equity Research Analyst

Cemal Demirtas
Cemal Demirtas

Head of Research

ATA Invest
3 June 2021
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