Citizens in Turkey Do Not Have the Financial Power to Buy a Vehicle

The economic crisis, which has been rapidly intensifying in our country in recent years, shows its effect in the automobile industry as well as in every other field. Due to the fact that citizens in Turkey do not have the financial power to buy a vehicle, serious decreases are seen in automobile sales.

In 2021, the automotive sector in Turkey was one of the sectors most affected by the economic crisis. When car sales in 2021 and 2020 are compared, it was seen that there were serious decreases. European Statistical Office (Eurostat) data show that almost half of the citizens in Turkey want to own a car. enough financial strength showed that he did not have

After price increases and low sales rates last year, the automotive sector started to grow with the low base effect this year. However, disruptions in the global supply chain and the increase in vehicle loan rates in the new year, slowdown in vehicle sales caused. The purchasing power of the citizens continues to decrease day by day.

Citizens in Turkey do not have enough money to own a car

When automobile sales in 2021 are compared to 2020, it was seen that there was a decrease of 7.9 percent. When only the vehicle sales in December are compared, it was seen that the vehicle sales rates of December 2021 decreased by 46% compared to December 2020. Considering the average of the last 10 years of this serious contraction in the automobile market, it is seen that the automobile and light commercial vehicle market in 2021 will be compared to the average sales in December for 10 years. 49.3 percent appeared to decrease.

The information obtained from the study data carried out by Eurostat on the determination of living conditions, 34.8 percent of Turkey’s population. not having enough money to own a car revealed. In Romania, which has the lowest purchasing power among the countries affiliated to the European Union, this rate was 23.5 percent. It was stated that the first countries among the EU countries with sufficient financial power to own a vehicle were Cyprus with 1.7 percent, Malta with 2.4 percent and Slovenia with 2.6 percent.

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As a result of the comparison of the number of cars in Turkey with Europe, Turkey was chosen as the country with the lowest number of passenger cars per thousand people. While this may be a personal preference in some countries, in Turkey a necessity arising from financial inadequacy recorded as.

Source :
https://t24.com.tr/haber/otomobil-satislari-dususte-turkiye-de-nufusun-yuzde-34-8-inin-araba-alacak-maddi-gucu-yok,1008280


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