Commodity prices, rising logistic costs, and pick-up in exchange rates continue to be reflected in the zero and second-hand vehicle market as increases. In the first six months of the year, the increase in new vehicles reached 50 percent. According to the price lists published by the brands, in the last two months the prices of new cars have undergone increases of more than 150 thousand lire.
SINEM ERYILMAZ / MYNET SPECIAL
Looking at the latest market situation, in the period January-June 2022 there was a 9.3% decline in cars and light commercial vehicles in Turkey compared to the same period of the previous year. The number achieved on the market was 357 thousand 904 units. According to data from the Automotive Distributors Association (ODD), car sales fell by 10.3% in the first six months of the year and registered as 278,000 282 units. According to data from the Turkish Statistical Institute (TUIK), the second-hand market, which was 1 million 772 thousand 105 units in the first 5 months of last year, reached 2 million 456 thousand 879 units in the same period of this year. The numbers show that it directed the buyer to the second hand due to the zero availability issue. However, prices in the used market have outpaced new vehicles. Industry representatives report that the average increase in used car prices between January and June was 60%.
Savaş Açıkgöz, general manager of Otomist Automotive, who assessed how long this increase in the new and second-hand vehicle market will last, whether there is a bubble in vehicle prices and the latest situation in the automotive market, said that prices they will continue to rise.
“PRICES WILL CONTINUE TO GO UP TO ZERO AUTO”
“The price movement for a zero car depends on several criteria. One of these concerns the currency activity in Turkey. The second concerns tax legislation. But now the taxes are settled here. No changes to the SCT are expected in the near future. However, there may be an agreement in the tax bases. This is what the industry expects. This can reduce the prices for some models. There are also increases due to the reflection of rising raw material costs on car prices in euro terms around the world. Of course, availability is one of them. Commodity prices continue to rise around the world. Therefore, there will be no return here, “Savaş Açıkgöz said, and made the following comment on the topic” Prices will rise even more “, which everyone is asking in the new vehicle market:
“Car prices will continue to rise in euro terms. At the same time, the logistics and transportation costs due to fuel prices for shipping products manufactured in the countries have increased significantly. All of these are reflected in car prices. The increase here appears to continue. The trend is bullish. It doesn’t look like it will stop anytime soon. It is estimated that the possibility of the return of the foreign currency to Turkey will at least not be in the near future. Therefore, the prices of new cars will continue to rise. “
EVEN HOLIDAYS CANNOT SAVE THE USED CAR
Stressing that the price increases of used vehicles are completely dependent on the availability of new vehicles, Açıkgöz said: “As long as the prices of new vehicles continue to rise and the supply of cars reaches the desired level, this will continue. But here’s an important situation. The mobility of cars over 1 million lire is almost interrupted. While there should be some serious pre-holiday activity, the industry has come to a serious halt. One reason for this is the expectation that the exchange rate will decrease with the statement made on the SPP. But this, unfortunately, was not reflected in the markets and the exchange rates rose above 17 lire. The expectation that the exchange rate will fall always delays buying on the market. Secondly, this situation was seriously reflected before the party. We hope that the decline in exchange rates will occur within the framework of expectations, exchange rates will decline and market expectations will be met. This creates the mobility that is postponed in the second hand, “he said.
ARE THERE BALLOONS IN THE PRICE OF THE CARS?
Noting that big second-hand traders have also shut down due to market uncertainty, Açıkgöz also cleared up the “bubble” allegations on vehicle prices. Saying: “There will continue to be mobility in cars below 700-800 thousand lire from now on,” said Savaş Açıkgöz, “As a sector, we cannot predict exactly when second-hand mobility will start. Even corporate brands in the marketplace. second hand, who shop heavily in Turkey, claim that they have slowed down their purchases in the last 10 days or even stopped them altogether. These indicate that the uncertainties in the market will continue. In short, prices will continue to rise. While prices are It has been rising for a long time, some say it is a “bubble.” I don’t think there is a bubble in car prices either. It is not a ‘bubble’, but prices with an infrastructure based on economic criteria. there is a return in the criteria I just mentioned, there will be a decrease in prices, “he said.
July price list for new cars
New Polo 1.0 80 HP Manuel Impression – 463 thousand 400 TL New Polo 1.0 TSI 95 HP Manuel Life – 500 thousand 100 TL New Polo 1.0 TSI 95 HP DSG Life – 540 thousand TL New Volkswagen Golf 1.0 lt TSI 110 HP Impression – 592 thousand TL
IBIZA 1.0 Evo 80 HP S&S Style: 402 thousand TL New IBIZA 1.0 EcoTSI 110 HP DSG Style – 525 thousand TL NEW LEON 1.0 TSI 110 HP Style – 650 thousand TL ARONA 1.0 EcoTSI 110 HP DSG Style: 570 thousand TL
New Fabia 1.0 TSI 95 PS Elite – 399k 900 TL SCALE 1.0 TSI 110 PS DSG Comfort – 547k 900 TL KAMIQ 1.0 TSI 110 PS DSG Elite – 616k 900 TL
NEW C3 FEEL 1.2 PureTech 83 BVM S&S 5-speed Manual – 434,000 TL NEW CITROEN C4 Feel 1.2 PureTech 100 HP – 6-speed Manual: 558,000 TL C-ELYSEE FEEL 1.5 BlueHDi 100 HP S&S 6-speed Manual – 469,000 500 TL
New Sandero Comfort 1.0 Turbo X-tronic 90 hp – 435 thousand TL SANDERO STEPWAY Comfort 1.0 Turbo ECO-G 100 hp – 401 thousand 900 TL New Duster Comfort 1.0 Tce 90 hp 4×2 E6DFull – 456 thousand 900 TL New Duster Comfort ECO-G Turbo 100 hp 4×2 – 476 thousand 900 TL New Duster Comfort 1.3 Turbo 150 hp EDC 4×2 – 524 thousand 900 TL New Duster Comfort 1.3 Turbo 150 hp 4×4 – 519 thousand 900 TL