New Car Prices Will Increase By 20 Percent Until The End Of The Year

Zero Car Prices Will Increase By Percent Until The End Of The Year
New Car Prices Will Increase By 20 Percent Until The End Of The Year

The increase in automobile prices cannot be stopped. There are generally two main reasons for these hikes in our country. The first of these reasons is the increase in exchange rates, and we felt the effect of this more in May. So much so that Fiat Egea, one of the most affordable new car models in our country, was hiked twice only in May.

However, another reason for the increase in automobile prices is the increase in the industrial and logistics-based costs of automotive companies. Automotive Authorized Dealers Association (OYDER) President Dr. According to the statement made by Altuğ Erciş, it is highly probable that there will be another 20% increase in new car prices by the end of the year.

According to the statement made by Erciş, the reason for this possible hike is the fact that producer inflation continues to climb due to increasing costs. In addition, Erciş's statement that there has been a 20% increase in brand new cars since the beginning of the year shows that the statements made are in line with the reality.

Because, considering that Fiat Egea, which was at the level of 245.000-TL in January, is currently sold at a price of around 303.000-TL, it is understood that there has been an average of 20% increase in the sector since the beginning of the year.

Spare parts manufacturers, whose input costs have increased by 300 percent in the last year, are also preparing to raise prices. Ziya Özalp, President of the Automotive After-Sales Products and Services Association (OSS), said, “In parallel with the increase in fuel, electricity and natural gas prices, the expenses of the companies in the sector increased by nearly 300 percent compared to the previous year.

Stating that this situation affects both profitability and investments negatively, Özalp warned the consumers to have their vehicle maintenance done without delay, saying, "Due to the increase in costs, spare part prices may increase in the future."

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