
Factors Affecting Car Prices in Türkiye
Car prices in Türkiye are shaped by many factors. One of the most effective ones is, Special Consumption Tax (SCT)'. This tax applied to the bare price of the vehicle directly affects both buyers and sellers. SCT plays a critical role in determining the price of the vehicle. In addition, Value Added Tax (VAT) is another important factor that increases the sales price.
Changes in Special Consumption Tax Application
Recently, there has been an important development affecting car prices in Türkiye. With the proposal of the AK Party, vehicles with an engine capacity of up to 1600 cc Special Consumption Tax Rate The slices starting from 45 percent to 80 percent are intended to be determined as only 80 percent. This means the end of the previously implemented gradual SCT system.
However, currently, vehicles up to 1600 cc are already subject to 80 percent SCT. Therefore, these changes are not expected to cause a change in vehicle prices. In the second-hand car market, this situation has caused speculation and led to fluctuations in prices.
Opportunities in the Second Hand Vehicle Market
For those who want to buy a second-hand vehicle, No increase in SCT It offers a significant advantage. Buyers should bargain well to turn this situation into an opportunity. Especially in the second-hand car sector, which is going through stagnant days, buyers can buy vehicles at more affordable prices since price increases are not expected.
Status of High Engine Capacity Vehicles
The demand for vehicles with an engine capacity of 1600 cc and above in Türkiye is due to both high SCT and Motor Vehicle Tax The tax rates of these vehicles are an important factor affecting buyers' preferences. Hybrid vehicles in particular are affected by these tax regulations.
The hybrid vehicle group, along with those with an engine volume of 2000 cc and above, will be subject to price increases due to changes in taxes. For example, the 130 percent SCT applied to these vehicles may increase to 150 percent. This may lead to the vehicles being sold at higher prices in the market.
Price Increases for Pick-Up Vehicles
Increasingly popular nowadays pickup vehicles attract attention with their luxury features. However, the SCT rates of these vehicles also vary. Currently, the SCT rate of pick-up vehicles is between 4 percent and 15 percent, but with the new regulations this rate will increase to 50 percent.
For example, while the current SCT of a pick-up with a price of 2.3 million liras without tax base is at 92 thousand liras, this figure could increase to 1 million 150 thousand liras with the new regulations. This would make the price of the vehicle excluding VAT 3 million 450 thousand liras and the total price with the added VAT could be 4 million 140 thousand liras.
The Future of Luxury Vehicles
It is uncertain how popular pick-up vehicles will be in the future. However, an increase in tax rates may negatively affect buyers' demand for these vehicles. In particular, an increase in prices in the luxury vehicle market may cause buyers to change their preferences.
To summarize, there are many factors that affect car prices in Türkiye. Taxes such as Special Consumption Tax and VAT directly affect car prices. While opportunities are offered in the second-hand car market, prices of vehicles with higher engine volumes may increase. For this reason, it is recommended that car buyers follow market conditions carefully and negotiate well.