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The Effect of Credits on Sales of Automotive Sector in Turkey

Author

Listed:
  • Mehmet Hasan Eken

    (Kadir Has University)

  • Mehmet Çiçek

    (Mercedes-Benz Türk A.Ş.,)

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.

Suggested Citation

  • Mehmet Hasan Eken & Mehmet Çiçek, 2009. "The Effect of Credits on Sales of Automotive Sector in Turkey," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 24(84), pages 61-77, July.
    • Handle: RePEc:acc:malfin:v:24:y:2009:i:84:p:61-77
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