The Analysis Of The Relationship Between The Automobile Sales And Automotive Industry Stock Prices By Granger Causality Test: Istanbul Stock Exchange Case

Abstract

The automotive sector is one of the developed sectors that has been continuously developing and making significant contributions to the economy. Developments in the automotive sector may be important in the growth of the country's economy. In the research, it was planned to carry out a research on the demand of non-commercial customers and the related stock values in the selection of data for the automotive sector. In this context, the amount of total car sales in Turkey, has been studied and selected some relationship between stock prices. Doğuş Otomotiv annual average stock price in the study, the average annual stock price Tofas, Ford Otosan relationship between the stock price and the average annual total number of new cars sold in Turkey were investigated. In the context of the research, the relationships between the variables and the Granger causality test are examined. shares with a total number of new cars sold in Turkey as a result of the study did not find a statistically significant difference between the price.