Foreseeing amendment in Special Consumption Tax has motivated the automotive domestic market to exceed the number of 1 million by the year-end.
The Turkish Ministry of Finance which is foreseeing amendment in Special Consumption Tax (OTV) has made a doping effect in the automotive market. So, it is anticipated a new sales record might be broken by the year-end. Together with being enacted of draft law which foresees regulation in Special Consumption Tax applied in automobile sales, would spur the sales of luxury automobiles. Purchasing plans of those who want not to expose to possible tax increase have played role in this sales expansion of automobiles. Also upward trend in the foreign currencies has affected the sales of automobiles. Motivation in the demand has uplifted the sale prediction that previously determined as 900-950 thousand units. Hence the sales prediction of automotive is spoken to exceed the number of 1 million for the year-end. If this expectation might realize, a new record would be broken in the sales of automotive. Meanwhile rise in the foreign currencies has reflected as increase to the automobile prices. Many firms have begun to raise the prices. But the increase of foreign currencies has reflected in limited rate to the automobile prices. In 2017, outstanding increase is expected in the automobile prices. For this reason, the automobile market would diminish according to the scenarios for the year 2017.
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