3 Sharp Bends That Determine Vehicle Sales: A Warning for Buyers
Automotive Market Faces Uncertainty with Critical Points of Supply, Exchange Rate, and Access to Credit
The automotive market is currently experiencing uncertainty as prices continue to rise and supply of new vehicles remains low. Experts have identified three critical points that will determine the course of automotive sales and prices.
The first point is the increase in the supply of new vehicles. The absence of new vehicles has been identified as the biggest problem in the industry right now. Sector representatives have noted that prices increase when vehicles are kept in stock, rather than being seen as an investment.
The second critical point is the exchange rate. Specialists have commented that if the exchange rate rises, car prices will increase as well. This has become a major factor in car buying decisions for many consumers.
The third major factor is the ease of access to credit. Many citizens are unable to purchase a vehicle due to the lack of credit options available to them.
Additionally, accessories and additional equipment have become a troubling aspect of buying new vehicles. Dealers are charging extra for these features, causing frustration for consumers. Uğur Korkmaz, a resident of Istanbul, experienced this firsthand when a dealership asked for a difference of 100 thousand TL for accessories on top of the list price of the car. Korkmaz brought the matter to court, but the dealer ultimately refused to sell him the car.
As the automotive market navigates these critical points, consumers are advised to shop around for the best deals and financing options. It remains to be seen how the market will adapt to these challenges in the coming months.
