Statement by Doğuş Automotive That Destroyed New Car Dreams

For a reason that causes major problems around the world, such as the chip crisis, it is already big price increases Living automobiles had become much more inaccessible with the increase in foreign exchange. Although the prices have decreased to some extent with the decline in foreign exchange in recent days, automobile prices still continue to be at high levels.

So what will be the state of the automobile market in Turkey in 2022? While uncertainties about the future continue Ali Bilaloğlu, Chairman and CEO of Doğuş Otomotivmade statements on important issues such as whether there will be a decrease in automobile prices, stocking investigations and new year expectations.

“If the prices do not increase at the same rate while the exchange rates are increasing, it is obvious that the prices will not decrease at the same rate when they decrease”

Speaking to Habertürk, Bilaloğlu reminded that the automotive industry is dependent on foreign currency and said that the increase in foreign currency in recent months has not been directly reflected in prices by any brand. Bilaloğlu stated that if such a thing happens, the sales will stop suddenly. He stated that while the exchange rate was falling, the brands would lower their prices in line with their own stock policy. Bilaloğlu, the decline in the exchange rate on how it will affect prices. He hinted as follows:

“While the exchange rate is falling, brands will reduce prices to their stock policy. There are different methods for this. Such as discounts and campaigns on the list price. If the automobile prices do not increase at the same rate while the exchange rates increase by 20-30 percent, It is obvious that prices will not decrease at the same rate.”

“A new tax system is needed”

While the automobile market now consists of cars with SCT rates of 80% or more, another important statement came. Bilaloğlu, to the question of whether there is a new update expectation in the SCT. The tax system needs to change replied by saying. Stating that the SCT system is out of date and the price increases are due to the changes in tax brackets, Bilaloğlu continued his words as follows:

“It is essential that a modern, environmentalist and fair system is put into action in SCT. The current system was designed when Turkey entered the Customs Union. The tax system has become a patchwork over the years, adding to it. In those days, there were no electric vehicles, emission values ​​were not measured so precisely. Considering today’s technological realities, the point reached in the environment and the interests of the state, We need to move to a healthier, more modern and future-designed tax system.”

What will happen in 2022 is uncertain:

Bilaloğlu stated that the demand in the automobile market was strong until October. Demand has decreased with interest rate cuts. told. Estimating that the automotive market will close in the range of 750 – 800 thousand units in 2021, Bilaloğlu pointed to uncertainty regarding his expectations in 2022.

Bilaloğlu explained that the automotive market depends on vehicle prices, loan interest rates and the country’s growth rates. Bilaloğlu said that if the interest rates are around 1% per month and there is a certain growth in the economy, the automotive market grows. It is difficult to predict at the moment expressed.

Stating that the last steps allowed us to enter a more stable environment, Bilaloğlu said that if this situation deteriorates, It is expected that the market will decrease below 500 thousand units in 2022. shared.

“The industry in general should not be perceived as stockists”

Speaking about the hoarding allegations and investigations, Bilaloğlu made the following statement:

“The definition of hoarding is an issue that has a place in the law. It saddens us that the industry in general is perceived as stockist. There may be one or two dealers doing this, the authorities will reveal it. If a crime is detected as a result of the inspections, they should be punished. In general, in the sector, automobile stocking and dealers with galleries no collaborative status. Unfortunately, the work of one or two dealers is costed to the entire industry. In any case, the inspections carried out by both OEMs, us and the government on dealers do not allow informal jobs such as stocking.”

“If electric cars are not supported like in Europe, it is difficult to increase sales”

Finally, Bilaloğlu talked about electric cars. “It is difficult for sales to increase if support is not given, as is the case with electric car purchases in Europe.” used the phrase. Bilaloğlu stated that they hoped that the support to be given to electric cars will come to the agenda with the exit of TOGG, and that TOGG will support the increase of the market share of electric cars.