The Effect of Credits on Sales of Automotive Sector in Turkey

Mehmet Hasan Eken and Mehmet Çiçek
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Mehmet Hasan Eken: Kadir Has University
Mehmet Çiçek: Mercedes-Benz Türk A.Ş.,

Journal of Finance Letters (Maliye ve Finans Yazıları), 2009, vol. 24, issue 84, 61-77

Abstract: As a locomotive sector, the automotive sector is moving up- wards many other sectors in Turkey, as well as in the rest of the world. In addition to globalisation and changing market conditions, the sky-scraped competition in the automotive sector has resulted in vital significance of credits supplied to customers in the sector for purchasing new motor vehicles. Moreover, there exists a crucial cause and effect relationship between credits and automotive sales. Furthermore, credits play a tremendous role for economic devel- opment. To sum up, increase in credits results in increase in auto- motive sales.

Keywords: Automotive sector; credits; automotive sales (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:24:y:2009:i:84:p:61-77

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