Speaking after the cabinet meeting, President Erdoğan stated that the practice of buying and selling second-hand vehicles 1 percent VAT will be increased to 18 percent announced. After the announcement, it was a matter of great curiosity how much the prices would increase in the automobile market, which has already reached astronomical figures.
Although the regulation is only for used vehicles, pandemic and chip crisis It is still not easy to find new vehicles due to various supply problems. For this reason, the fact that the price of second-hand vehicles, which are sold at even more expensive prices than new, will increase again frightened many people.
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VAT increased to 18 percent for used vehicles!
Although this regulation does not have a big impact on individual sales, it will directly affect companies that buy and sell vehicles in accordance with official rules in a purely corporate manner. While the representatives of the sector express that this regulation will cause an increase in unregistered sales, they emphasize that the authorities should revert from this decision as soon as possible since it has not yet been published in the Official Gazette.
– How will VAT regulation affect used car prices?
automobile journalist Emre Ozpeynirci He summarizes the situation as follows;
Sample: A company that buys a vehicle for 100 TL When you sell it to someone else for 110 thousand TL He was paying 1 percent VAT for the profit of 10 thousand TL in between. With the new regulation, this increased to 18 percent. In this context, it is expected to affect prices by 1.6% to 1.8 percent.