Bad news for those who want to buy a car! “Cost increases will be reflected in prices”

Bad news came from industry officials to citizens who were waiting for car prices to drop to buy new and used cars. ODD President Ali Haydar Bozkurt stated that cost increases will be reflected in car prices.

Speaking to Habertürk’s Yiğitcan Yıldız, ODD President Ali Haydar Bozkurt noted that the expectation that each quarter would be better than the previous one and that the impact of the chip crisis would fade in the forecasts for 2022 said: The War in Ukraine has completely changed the situation.” We see that logistical problems are increasing. These problems are more complex, complex and have increased. Global estimates show that 3-5 million vehicles will not be produced under normal conditions this year. Supply problems will continue next year,” he said.

Bozkurt stressed that the first agenda item in Turkey’s automotive industry in 2022 will be “availability”, Bozkurt said: “As the uncertainties related to chips, logistics and raw materials caused by the problems of the pandemic continue, it will be difficult to plan the closure of the market to predict for 2022. According to the 2022 domestic market forecasts, last year’s domestic market will be a great success to catch up with their traditions,” he said.

INCREASE IN COST WILL BE REFLECTED IN PRICES

Ali Haydar Bozkurt drew attention to the inflationary environment in the world, saying: “Moreover, there are serious jumps in energy prices. This will result in the trend of rising inflation continuing. Although the Fed is trying to counteract this inflationary environment with a rapid cycle of interest rate hikes, inflationary pressures in our country and in the world environment will continue in 2022. This will inevitably increase the costs of all companies and brands. The cost increase also has the possibility of price increases both increased for new as well as for new used cars. Therefore, the system has a supply and a price side. This situation affects vehicle availability. “At the same time, there is an increasing possibility that prices will continue to rise due to inflation,” he said.

Bozkurt, CEO of ODD, also mentioned that the auto industry accounts for a significant part of the state’s total tax revenue and said that steps should be taken in parallel with developments in the world.

In this regard, Bozkurt pointed out that the sector creates a very serious resource, including vehicle purchase taxes, VAT, SCT, road tax, the tax on fuel used in vehicles, the taxes paid by companies and the jobs they create within the framework take the necessary steps together to achieve sustainable medium-term planning,” he said.

Explaining that the size of the domestic market is important, Bozkurt said, “The size of the domestic market is important to pave the way for new investments into our country with advanced new technologies to maintain our competitive advantage in the global arena.” “We need to be prepared and maintain our competitiveness on the global arena. In this case, it would be appropriate to reassess and put our tax system into operation under the current conditions. This will pave the way for the development of strategies that will benefit the domestic market get back to the 1 million level.”

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