How Much Money Did the State Earn From SCT on Automobiles?

Recently The authority to change the SCT rate With the addition of the communiqué that was given to the President, the expectation of a large SCT reduction began in the market. However, it was also revealed by market analysts that SCT reduction may not be in question in the current market.

While this expectation continues in one direction, it is one of the most well-known names in the automobile industry. Emre Ozpeynirci once again discussed the possible SCT reduction. The journalist, in his last article he shared, stated that automobile sales are gradually decreasing, but that the income from SCT also increased inversely drew attention. Unfortunately, the result was the kind that disappointed many people.

Automobile sales are declining, income from SCT continues to increase:

The table above shows the monthly sales and income from SCT in the first 7 months of the last two years. According to the table, sales in the automobile sector decreased by 6.45% in the first 7 months of this year compared to the previous year. While 461 thousand 776 sales were made in the first 7 months of 2021, this number was announced as 432 thousand 10 this year.

On the other hand, the income obtained from SCT, that is, entering the treasury, is increased by more than 100% seen. The income generated by the increase in automobile prices as a result of the dollar exchange rate and the corresponding increase in the amount of SCT applied to the base price increased by 101.38 percent in one year and reached 72 billion 175 million 325 thousand TL.

An average of 205 thousand TL SCT was collected per vehicle:

Özpeynirci’s table, which he based on the data of the Ministry of Treasury and Finance, also revealed the average SCT collection per vehicle last month. This value, which was 92,783 TL in 2021, increased to 205.603 TL last month. The average SCT collection per vehicle covering the first 7 months of the year was as follows:

• 2021: 77,612 TL
• 2022: 167,068 TL

So what does this data say? Unfortunately not what we want:

The above results showed that despite the decline in car sales, the money going into the treasury continued to increase. According to Özpeynirci, this shows that there will be no reduction in SCT and it would be a mistake to expect a reduction. Because the SCT target for 2022 determined by the state, already in the first 7 months of the year.

70.3 billion TL, which is the additional budget target of the state, If the sales continue at the same rate, it is very likely to hold. Therefore, the state may not need to lower the SCT. Because it is not certain how much vehicle sales can increase in case of a discount. In other words, the discount may not cover the income obtained and to be received.