Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: We maintain our view that vehicle sales made on credit will suffer over 2016 as households and
businesses aim to reduce their borrowing and as interest rates on commercial loans and auto loans remain
? Sales of heavy trucks and buses have significantly underperformed compared with other segments. The
introduction of Euro VI regulations caused more pre-emptive purchases of heavy duty vehicles in 2015
than originally expected, leading to a severe drop in pent-up demand for 2016.
? Vehicle production will be buoyed by exports to the recovering EU market as well as new high capacity
investments across the passenger car, light commercial vehicle and heavy truck segments.
? Expanding automotive exports to Iran will also become a main focus of Turkish exporters over the next