The automotive rise comes with ‘currency’

The wave of increases in car prices continues. In the automotive sector, which is directly affected by exchange rates, vehicle sales prices fluctuate from week to week. Industry representatives say vehicle prices, which have risen by around 10 percent every month since the beginning of the year, will remain high in the coming months. It is claimed that price increases can reach 5% for new vehicles and 10% for second-hand vehicles.

THE SECOND HAND WILL INCREASE

In addition to exchange rate increases, high demand is also cited as one of the factors driving up vehicle prices. The desire of citizens who want to avoid inflation to buy vehicles for investment purposes is reflected in vehicle prices. However, the problems that are still experienced in the supply of vehicles also limit the movements of the market. Industry representatives, who made statements to SÖZCÜ, draw attention to the increase in exchange rates.

Aşin Automobile General Manager Okan Erdem said that with the upward course of the exchange rate, there has been an increase of 5 to 8 percent every month since the beginning of the year, depending on the make and model. Explaining that there is an increase of 3 to 5 percent in the coming weeks, Erdem said: “In the second hand, the price increases are faster; In the first quarter of the year, there was an average increase of 15 percent in the price of second-hand vehicles, which are considered investment vehicles. If the exchange rate continues to rise again, we may see a price increase of 10 to 12 percent in the next three months on second hand,” he said.

Those who can’t find zero go second hand.

2plan’s CEO Orhan Ülgür, who stated that the marks increase monthly regularly, said that the price increase just before and after the Ramadan holiday was 5 percent. Expressing that the car is seen as an investment tool, Ülgür said: “The balance of demand is one of the determinants of prices in the used car market. Due to the shortage of new vehicles, an increase in demand is observed with the exchange rate in the second hand. We expect this to continue until the end of the year,” he said.