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 right after the coronavirus pandemic hurt the auto industry, which has been in trouble for a while, even more deeply. The latest statements reveal that the automobile industry will not find what it hopes for in 2022.
Automotive Distributors Association (ODD) General Coordinator Hayri Erce evaluated the latest situation in the industry in an interview with Dünya. Mentioning that first the pandemic and now the war disrupted automobile production, Erce stated that there would be price increases as a natural consequence of this. Moreover, these hikes have already started to show themselves.
In the first month of the war, automobile prices increased by 5 percent
According to Cardata, which analyzes the data of the automobile world, automobile prices increased between February 25 and March 25. This increase was seen as an average of 5 percent in A, B and C segment vehicles. 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, “Sales availability has started to come to the fore again. Alternative solutions are being tried to be created, but in general, it will be a year when the problems in chip and cable supply will increase, as well as the record price increases in raw material prices will challenge the sector.”
The Russia-Ukraine war has begun to affect not only the prices of new mileage vehicles, but also the prices of second-hand models. Because the lack of new vehicles brings the second hand to the fore. The decrease in supply and the high demand also directly affect the prices. Others Melih Mutlu, who is an industry source, states that the price increase in the January-March period was around 8 percent, but that prices may increase even more with April.
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