Demiroglu, Ufuk; Yunculer, Caglar - In: Central Bank Review (CBR) 16 (2016) 3, pp. 93-108
This paper is motivated by the surprising rapid growth of new light-vehicle sales in Turkey in 2015. Domestic sales grew 25%, dramatically surpassing the industry estimates of around 8%. Our approach is to inform the sales trend estimate with the information obtained from the light-vehicle stock...