The auto industry said ‘we made a raise’, TUIK announced a price decrease

Although vehicle prices have increased according to representatives of the automotive sector, they have become cheaper according to the Turkish Statistical Institute (TUIK).

While the industry said new vehicle prices rose between 1.8 percent and 6 percent in the final months of 2022, gasoline car prices fell 2.77 percent monthly in December, according to the data. announced today by TUIK.

When evaluating this situation to sozcu.com.tr, representatives of the sector pointed out that after the increase in the base limit of the SCT for automobiles at the end of November, a discount was expected for new vehicles, but this reduction was made at very low rates. limited in a very limited number of vehicles; therefore, there was no significant reduction that would be reflected in the official data.

In addition, according to industry representatives, car prices increased by 80 to 150 percent in 2022, while last year’s increase was limited to 31.7 percent, according to TUIK.

Source: TURKSTAT

WAITING FOR THE DISCOUNT, THE TRIP ARRIVED

With an agreement made on November 24, the base limit of the SCT for automobiles was increased.

Accordingly, the base for the 45 percent SCT for automobiles was increased from 120,000 lira to 184,000 lira, while the base for the 50 percent SCT was increased from 150,000 lira to 220,000 lira.

While the baseline for the 60 percent SCT rate increased from 175,000 lira to 250,000 lira, the baseline for the 70 percent SCT rate was 200,000 lira to 280,000 lira.

With regulation, 5-16 percent on new vehicles; On second-hand vehicles, a limited discount in the range of 5 to 10 percent was expected, but new vehicle prices increased by between 1.8 percent and 6 percent, let alone dropped after this regulation.

It is claimed that only a limited number of brands offer a limited discount on one or two models.

THE 5 PERCENT HIGH-LIVING HAS ARRIVED ON JANUARY 1

Speaking to Sozcu.com.tr, the Turkey Manager of an automotive brand said: “Unfortunately, there was no reduction in car prices that would be reflected in the TUIK data. In fact, after the fiscal regulation of the SCT, prices increased, much less decreased. The sector, which closed 2022 with an increase of 150 percent, entered the new year with new increases in the range of 3 to 5 percent.

Noting that there will be new price increases with the entry into the market of 2023 model vehicles, the official made the following assessment:

“If the increase in inflation continues in this way, the pressure on the exchange rate will not continue after a while. With the new year, business expenses have increased, and they will rise up to tolerate this. I anticipate that the price of the car, which is currently 100 units, will increase to a low of 150, as in May and June.