The rise in the exchange rate again prompted automotive companies to act. Many brands reflected the exchange rate difference on prices last week. Increase rates range from 3 percent to 7 percent. In some models with changing tax brackets, the price increased approached 10 percent. Renault, Fiat, Nissan, and Honda are in the midst of brands that made increases last week.
HONDA CIVIC INCREASES 35 THOUSAND TL IN ONE WEEK
According to the news of Aysel Yücel from Dünya, in the last period, automotive brands only reflected the increase in industry and logistics costs to their prices. However, in the automotive sector, which is dependent on the exchange rate, exchange rate increases came into play again.
While the dollar/TL rate has increased by 7 percent since May 5, the Euro/TL rate has increased by 7.20 percent. It was seen that the brands reflected the exchange rate difference to the prices last week. Prices in Honda increased by 3-4 percent last week, while there were similar increases in Fiat, Nissan and Renault. To give a few examples, the list price of the base version of Renault Clio (Joy 1.0 Sce 65 hp), which was 313 thousand TL the previous week, was updated to 327 thousand 900 TL last week. In some models whose tax bracket changed after the increase, the increase rate was very high. The price of the base version of Renault Taliant increased by 31 thousand TL last week to 355 thousand TL. The price of Honda Civic (1.5L VTEC Turbo Eco-Premium), which was 593 thousand 700 TL in the previous week, increased by 35 thousand TL to 629 thousand 400 TL last week.
OYDER: PRICES WILL INCREASE 20 PERCENT UNTIL THE END OF THE YEAR
Apart from the exchange rate increase, the brands continue to reflect the cost increases on their prices. OYDER Leader Dr. Altuğ Erciş said that in line with the Central Bank’s statements, until the end of the year, at least 20 percent increase is expected for the car, which is only due to inflation. Erciş also mentioned that the increase since the beginning of this year is about 20 percent.
OSS: SPARE CUTTING PRICES WILL RISE
Spare module manufacturers, whose input costs have increased by 300 percent in the last year, are also preparing to increase prices. Ziya Özalp, the leader of the Automotive After Sales Works and Services Association (OSS), said, “In parallel with the increase in fuel, electricity and natural gas prices, the consumption 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 Warning the consumers to have their vehicle maintenance done without delay, saying, “Due to the increase in costs, spare cutting prices may also increase in the following period”.