Economy in Turkey: “Big Hike” in car prices on the way

The mobility in the exchange rate has started a hike rally in the imported products markets from electronics to automobiles. Some car companies are also expected to update their prices on Friday evening…

According to reports in media, sales have stopped in some products due to hikes. A similar situation was recorded in the automobile market.

HIKES EXPECTED TO CONTINUE

Representatives of the electronics sector forecast that the rise in prices of imported technological products will continue for some time due to the increase in the exchange rate.

The automobile market, which is one of the most popular investment vehicles of the recent period and has broken sales records in a row, has also incurred hikes. A new wave of hikes occurred yesterday with the exchange rate mobility in the sector, which updated its prices last week.

Some brands, such as Ford and the Chinese automobile group MG, have updated their prices. According to Cardata’s data, Ford increased prices by an average of 7.6 percent, while MG increased prices by 3.2 percent.

Other automotive brands are also expected to update their prices today and on Friday in parallel with the increase in the exchange rate.

OTHER INCREASES EXPECTED

An official from Gülan Otomotiv, which deals with Nissan, Renault, Dacia, Fiat, Peugeot, Opel and Citroen dealerships, has said that especially buyers who have pre-ordered their vehicle and whose delivery time is approaching are in a hurry to complete the sales process before prices increase further.