The Ministry of Commerce announced that a fine of 61 million 237 thousand 287 TL was imposed on irregularities in the automotive sector. However, this penalty is considerably low compared to market conditions. Here is the striking calculation that shows why such penalties cannot stop the sellers…
The Ministry of Commerce, which is an unbelievable situation in Turkey automotive industry made statements about it. Announcing that the inspections regarding the regulations made are continuing, the ministry has so far 61 million 237 thousand 287 TL announced that he had been fined. Let’s take a look at those regulations and the fines imposed.
The difficulties experienced in reaching a new car due to the COVID-19 pandemic, in the first stage, stocking and “6 months 6 thousand kilometersIt was tried to be prevented with the ” border. However, it was understood that these were insufficient last month. The Ministry of Commerce also this time. above list price made a new regulation regarding the dealers demanding money. But it seems that breaking the law is more profitable for car dealers.. You will soon understand why we say that.
Those who exceeded the “6 months and 6 thousand kilometers” rule were fined 35 million TL!
With a regulation that came into force last year, new vehicles 6 months and not exceeding 6,000 kilometers It is prohibited to be put up for sale on the second-hand market. However, this prohibition it didn’t work very well. If you examine the classifieds sites today, there are tons of new cars. The Ministry of Commerce, in total, to those who violate this regulation 35 million 110 thousand 527 TL announced that he had been fined.
On the other hand; stockists were also checked for. In the examinations made by the Unfair Price Evaluation Board, the total 8 million 292 thousand 360 TL administrative fine was imposed.
Those who bid above the price list and ask for money by hand were also fined 17 million TL!
Regulation on the Trade of Second Hand Motor Vehicles made last month arrangement requesting a price above the price list and Forbidden asking for money. However, some dealers did not comply with this decision. Ministry of Commerce to these dealers 17 million 834 thousand 400 TL announced that it had imposed administrative fines and canceled the second-hand sales licenses of these dealers for a period of 1 year. When we add all these together, we see that a fine of 61 million 237 thousand 287 TL was imposed.
So why aren’t sellers afraid? Let’s explain…
Now with you the best selling car in Turkey Fiat Egea We’re going to make an account. As a result of this calculation, you will understand how small the penalties are. Let’s start:
With 61 million 237 thousand 287 TL, which is the amount of fines in 6 months, only 110 Fiat Egea (at today’s price – 555 thousand 900 TL). However, between 1 January 2023 and 31 May 2023, the total 41 thousand 661 units Fiat Egea was sold. Let’s say that 10 percent of all Egea’s sold are re-sold as second hand. So 4,166 Egea, without following the rules Sold second hand. Let’s be optimistic and see the Egeas for sale. at today’s price Let’s say it’s sold.
The amount of the fine imposed on the market, as well as the money returned to the camel.
In such a case, 4,166 Fiat Egea will be purchased. 2 billion 315 million 879 thousand 400 TL money flow is provided. This money; Penalties for those who do not comply with the rules in automotive sales in 2023 almost 38 times. Let us remind you that all this calculation is done with a single car model. Hundreds of thousands of new cars were sold throughout the year, which is; Even if 1 out of every 100 cars sold goes for sale second hand, it means thousands of cars. Therefore, we can guess that the penalty imposed does not even correspond to 1% of the money circulating in the market. This is probably why fines don’t deter…