While the worldwide chip crisis was increasing automobile prices and even stopping production, another problem broke out. It was thought that automobile prices would be affected by the upward movement in the exchange rate in the last week. These effects soon began to show themselves on the new car prices chart.
New car prices can increase by up to 12 percent
The depreciation of the Turkish Lira by nearly 10 percent in recent days will affect the imported products the most. In our country, where the tax rates are sometimes three times the price of the vehicle, the prices enter into tax preparation. According to the news of Aysel YÜCEL from Dünya Newspaper, automobile manufacturers are preparing to increase vehicles between 5 and 7 percent in November. Until January 2022, the rate of increase is expected to reach 12 percent compared to today.
The only increase that will be reflected in the prices does not come from the foreign currency, since the SCT rate applied to the vehicles is determined according to the price of the vehicle, the increase in the prices will also increase the SCT. In other words, it is possible for a vehicle with 50 percent SCT to enter the 80 percent SCT band. Along with this tax hike, the increase due to the exchange rate will also show itself.
Manufacturers are considering entry-level models for Turkey
Again, according to Dünya Newspaper, automobile manufacturers want to sell cheaper vehicles in our country as demand decreases due to increasing prices. In addition to the low-equipped models, which are also called entry-level, we can also see that the lower-equipped models of the vehicles that already belong to the entry-level are sold.
Since the aforementioned hikes will be reflected in the price lists in November, it would be beneficial for car buyers to act hastily. Since it will be difficult to find a vehicle in dealerships these days, it is useful to get information by phone before you go to inspect a vehicle at the dealership.
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