Car prices continue to rise day by day. The increase in prices since the beginning of the year has exceeded 50 percent.
At this point, almost all models on the market have entered the 80 percent SCT zone.
If you remember, the last time in the SCT system was made in January. Accordingly, the base limit determined for the 45 percent SCT rate for vehicles whose engine cylinder volume does not exceed 1.6 liters has been 120 thousand TL. While the upper limit of the tax base determined for 50 percent SCT was 150 thousand TL, it was 175 thousand TL for 60 percent SCT and 200 thousand TL for 70 percent SCT.
Thus, all cars with a tax-free price exceeding 200 thousand TL fell into the 80 percent SCT segment.
If we look at the SCT segments over the dealer prices of the vehicles, cars between 353 thousand TL and 401 thousand TL fall into the 70% SCT segment, while cars more expensive than 401 thousand TL fall into the 80% SCT segment. A car that falls under the 70% SCT segment is not available today.
So why the price increases? Let’s look at this.
EXCHANGE RATE AND SCT DEFINE PRICES
The prices of the cars sold in Turkey are determined according to the exchange rate and SCT segments. The slightest fluctuation in the exchange rate increases the tax-free price of the car in TL. The tax-free car, whose price has increased, moves to the next SCT segment, and the consumer is confronted with prices that have increased more than the exchange rate.
This situation is tried to be prevented with baseline updates from time to time. However, since the increase in foreign currency increases the tax-free prices, the updates become out of date after a while.
In addition to the increase in foreign exchange, the developments that started after Russia’s invasion of Ukraine also have an impact on the recently increased prices of automobile prices.
As a result of the mutual sanctions of the West and Russia, as Russia cuts off the natural gas flow to Europe, the energy crisis begins in the continent, while the production costs in the automotive industry are increasing.
In addition, since the supply industry, which supplies parts to automotive companies, is also facing an energy crisis, there are significant increases in spare part prices. All these appear as factors that increase the entry price of vehicles into the country.
According to the S&P Global Mobility report, the cost of automobile production has increased by 50 euros per vehicle.
‘PRICES INCREASED 15 PERCENT IN 3 WEEKS’
Motor Aşin CEO Saim Aşçı said that the developments will cause an average of 20 percent increase in zero kilometer vehicle prices until the end of the year, “The same is true for spare parts. For example, there was a price increase of more than 15 percent in only clutch linings and thermostats within 3 weeks. ” said.
Otomerkezi.net CEO Muhammed Ali Karakaş also mentioned that with the increase in production costs in parallel with the energy crisis in European countries, zero kilometer vehicle prices will increase gradually and this will increase the prices of second-hand vehicles.
It can be said that the developments did not leave much remedy for the brands that did not immediately reflect the increase in the foreign exchange rate to the prices and eat out of their own profitability in order to stand out from the competition.
While rising prices are creating an expectation of a SCT reduction in consumers, in October, brands have reflected on their models with an average of 3 to 5 percent hikes.