‘Currency’ Increase Coming to New Car Prices

Aysel Yücel from Dünya has written a striking news that directly concerns everyone who is considering buying a car. new car Yücel stated that the prices will almost take flight, and detailed the reasons for this and the opinions of the experts. Apparently Novemberwill be recorded as a month in which a new car is only a dream.

As it is known, the dollar rate has changed in the last month. around 10 percent It increased. This, in turn, increased the inputs of automotive companies. As such, sector stakeholders, who are already in trouble with the chip crisis, will have to make a raise. According to Aysel Yücel, the rate of increase will be, 3 percent to 5 percent will be in range. When we come to January 2022, vehicle prices around 12 percent will have increased. However, the price hike will not be the only factor in the price increase.

SCT scales will change: This means an increase of at least 60 thousand TL

Exchange rate hike that will increase automobile prices, It will automatically put some vehicles in the 50 percent SCT zone into the 80 percent slice.. Hayri Erce, General Coordinator of the Automotive Distributors Association (ODD), explains this situation as follows: When a model goes from 50 percent SCT to 80 percent due to small changes in prices, the price suddenly goes up. 60 thousand TLIt increases close to . In other words, not only the increase due to the increase in the exchange rate, but also the tax burden is added and has a multiplier effect.. This statement shows that the prices of even the cheapest cars at very serious rates clear indication that it will rise.

“A contraction in the industry is inevitable”

The prices of new cars were already quite high. The hike, which is expected to arrive in November, will further increase these prices. This will lead to a contraction in the sector. Hayri Erce, “In the market, where we started the year well, we had a pace that we could exceed 1 million sales for the end of the year in the first quarter. We dropped to 800 thousand in the second quarter. In the third quarter, this pace decreased to 700 thousand units. We don’t know what will happen now. Chip availability will also be effective here. However, even if the chip crisis eases, this high exchange rate and high interest rates will eventually negatively affect demand. On the other hand, the demand there is a misconception. Since there is no vehicle, a consumer can visit 10 dealers at once. This creates the perception that the demand is very high. When the supply increases a little, the consumer visiting the dealers meets their needs, it will return to business reality.” using the expressions, in the zero automobile industry contraction it will happen he has said.

Second hand price increase and stock problem

Even when we put the prices aside, there is a problem in new vehicle stocks, that caused by COVID-19 We know it happened because of the chip crisis. Price increases expected for November will benefit the second-hand car market the most. Citizens who cannot buy a new vehicle will attack second hand. This will cause a different problem. such that Used car prices will rise. Experts say that there will be stock problems due to the increase in demand.

Statements on this subject were made by Cardata General Manager Hüsamettin Yalçın. Yalçın’s statements were as follows;

We predict that zero kilometer vehicle prices will increase by 12 percent until January 2022 due to the increase in exchange rates. Due to economic reasons, consumers postponed their second-hand needs to some extent. Since November, the demand in the used vehicle market will gradually increase. will increase we foresee. This will naturally increase the prices of second-hand vehicles. Therefore, we are at the right time to buy a used vehicle. The developments experienced in 2022 are very important in terms of the second-hand vehicle market. will be moving is showing. Realizing this, dealers and corporate second-hand vehicle companies, even large galleries, have started to collect vehicles to prepare for the new year. They want to create a specific pool and respond quickly to needs