Towards the end of 2021, the historical depreciation of the Turkish Lira has hit the automotive sector as well as every sector. The depreciation, which concerns all consumers, except those who earn their wages in dollars, increased the foreign currency at the same rate. Automobile prices peaked especially towards the end of November.
While the automotive market in November showed an increase of only 1% compared to the previous year, it reached a total of 675,107 units. Sedans accounted for 39% of the new sales, followed by SUVs with 35%. Vehicles with hybrid engine technology have already reached a market share of 9%. Cars with automatic transmission constituted 76% of the vehicles sold.
In December, Vakıfbank offered vehicle loans at a rate of 1.5%, followed by İşbank and Halkbank with a rate of 1.54%. In the most vicious campaign period of the last 20 years, it is observed that brands try to stay away from credit campaigns.
Models Credit Month Interest
BMW 1 Series
BMW 3 Series
BMW 5 Series 250,000
Citroen C3
Citroen C4 50,000
Citroen Berlingo 35,000
Fiat Egea 50.000
Ford Focus
Ford Kuga
Ford Commercial 100,000
Hyundai i20
Hyundai Kona 55,000
Hyundai Tucson 70,000
Peigeot 208 50,000
Peugeot 508
Peugeot 5008 100,000
Peugeot 2008 60,000
Peugeot Rifter 80.000
Totota Proace City 75,000