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BGC Partners - TURKEY AUTOS: Light vehicle sales contracted by 55% y/y to 33,016 units in May-19, weak...
The sales momentum has marginally improved in May vs. April in passenger cars, which noted an 11% m/m increase but LCV sales declined by 10% m/m bringing the LV sales increase to 7% m/m to 33,016 units. Passenger car sales fared slightly better than LCVs in May, as passenger car sales contracted by 53% y/y to 27,126 units in May-19 while LCV sales plunged by 62% y/y to 5,890 units. Accordingly, LV sales dropped by 50% y/y to 152,456 units as of Jan-May ’19. Passenger car sales declined by 49% y/y to 120,354 units in the first five months of 2019 and LCV sales declined by 53% y/y to 32,102 units in Jan-May ’19.
Provider
BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
Berna Kurbay
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