Will the Special Consumption Tax Base Regulation Be Really Effective?

With today’s issue of the Official Gazette, the tax base regulation in the SCT entered into force. So what happened to the input? Will this app relax the market? What awaits its citizens? Here are the highlights of that meeting we had with an expert…

The eyes and ears of citizens who want to buy a car have been in the last few weeks. base was in the arrangement. Announced by the Minister of Treasury and Finance Nurettin Nebati, the regulation would reduce the SCT slice of new car prices, thereby reducing prices. Although the date of December 1 was given in the first statements, today a surprising development happened and the SCT regulation, Published in the Official Gazette entered into force.

When we examine the price lists after the regulation, we can see that some models price that they have a downfall We see. for example Fiat Egeabase model of 365.300 TL, Renault Clio‘s base model decreased by 75 thousand TL to 373,000 TL. Will these prices be permanent? What should the citizen do? In this content, we will do the math and get expert opinion, and we will reveal the most consistent predictions for what will happen in a few months.

Will the SCT base regulation ease the new car market?

When we look at the available data, we can see that the prices of new cars, albeit a little, that you fell We see that this could be a good thing, at least for today. So, will this lead to relaxation in the market? We asked our questions experienced automobile journalist Ahmet Celikused the following statements about whether the market will relax or not: It is by no means a long-term and consumer-relaxing application. It can be said that a mountain gave birth to a mouse.

So why was falling prices not a good thing for an expert? Speaking through numbers, Ahmet Celik; “Of 1,300 new vehicles sold in Turkey, only 96 of them affected by the regulation. As a result, there was a decrease in prices ranging from 5 percent to 17 percent, with an average of 9 percent. Cheapest car in Turkey, post regulation from 282 thousand TL can be purchased.” With his statements, he explained that the regulation was not very effective…

So, are we going to start seeing price increases again soon?

Will new car prices go up?

Most of the automobile brands selling in Turkey have their price lists. they update monthly. This generally coincides with the first day of every month. It is difficult to predict what the situation will be on December 1, but when we look at January 2023, it is possible that prices will rise again. it is inevitable We see. Okay, why will prices go up? Let’s explain now.

automotive world indexed to the dollar. For example Fiat Egea. Yes, this car is produced in Turkey, but the raw materials required for production are not available in Turkey. It is precisely because of this, dollar/TL parity We can easily say that it will directly affect automobile prices. In our current position, we already know that the dollar will rise. “How do you know?“We seem to hear you say. Let’s explain this right away.

The Central Bank of the Republic of Turkey (CBRT) is saying that the dollar will rise, not us!

What will be the dollar-lira parity?

Central Bank of Turkey Republic (CBT), a few days ago Market Participants Survey shared the results. When we look at the shared data, it is seen that the dollar/TL parity for the end of the year 19.54 is expected to happen. When we look at today’s dollar rate, 1 dollar is traded at 18.63. So the dollar around 5 percent will be more valuable and this will of course be reflected in automobile prices. To give a simple example, if the forecasts are correct, Fiat Egea, which is worth 365.300 TL today, will be increased by 18.265 TL until January 1, 2023 and for 383,565 TL will reach. Considering that the tax base arrangement has returned 72,600 TL to Fiat Egea, we can see that the price decrease due to the regulation up to 4 months We can say that it can last.

“Declining prices will be back in a few months”

The math we did was also done by Ahmet Çelik. in a verified state. “The prices, which are seen as discounts, are due to the rise of the euro and the dollar and possible new year hikes. will be back in a few months I’m thinking.Celik also expressed a striking fact. “The problem of finding a vehicle still continues and will continue in 2023. It is a fact that we will not be able to find every vehicle whose price has decreased.” the experienced journalist who used the expressions, we should not hope has indicated.

What about the used market?

What happens to the second-hand market after the ÖTV assessment regulation?

Not everyone is chasing a brand new car. Considering this, we also asked what awaits the second-hand market. by Ahmet Celik second hand market His description of it was as follows: In the second-hand market, there will be no price decline as in zero. Since tradesmen buy second-hand vehicles at a high price, they do not make such great price declines as in zero. In the next month There will be a decrease of 1-1,5 percent. But then it will go back to the past…

Finally; Ahmet Çelik also shared with us the price list provided by Cardata, which analyzes data in the automotive market. here In the list you can access by using the link, you can see all the cars whose prices have decreased due to the tax base adjustment.


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