Russia-Ukraine War Raises Car Prices

The war between Russia and Ukraine, which has been going on for more than a month, has deeply affected almost every sector. However, the outbreak of these developments immediately after the coronavirus pandemic, which has already been in trouble for a while. automobile industry hurt even more deeply. The latest statements indicate that the automobile industry will continue in 2022. you hope you can’t find it reveals.

Automotive Distributors Association (ODD) General Coordinator no Erceevaluated the latest situation in the industry in an interview with Dünya. Mentioning that first the pandemic and now the war disrupted automobile production, Erce said, as a natural consequence of this. price increases in would be stated. Moreover, these hikes have already begun to show themselves.

Auto prices rose 5% in the first month of the war

According to Cardata, which analyzes the data of the automobile world, car prices increased between February 25 and March 25. This increase is average for A, B and C segment vehicles. 5 percent appeared as. The reason for this increase was the raw materials used in automobile production such as nickel, steel and palladium. Alp Gülan, one of the names in the sector, said, “Availability in sales started to come to the fore again. Alternative solutions are being tried to be created, but in general, the problems in the supply of chips and cables will increase, as well as the record price increases in raw material prices. will force the industry it will be a year.” he said.

The Russia-Ukraine war is not only zero kilometer vehicles, second hand It has also begun to affect the prices of the models. Because the absence of new vehicles brings the second hand to the fore. The decrease in supply and high demand also directly affect the prices. Melih Mutlu, who appears as another sector source, said that the price increase in the January-March period is around 8 percent however, he states that prices may increase even more with April.