CBT markets until November, the MPC meeting held by the Central Bank of the Republic of Turkey announced the long-awaited decision on interest rates. While the announced decision was an increase in interest rates by 475 basis points, in line with market expectations, the first reaction of the markets after the decision was positive. So how does the Central Bank’s decision affect the interest rate in the car market, what will be the prices of new and used vehicles, will the prices of used vehicles decrease in December, will the prices decrease with the zero vehicle campaigns in December, there are discounts , will reduce car prices, the car What should those who want to buy have to wait, should those who want to sell their cars have to wait?
21 November 2020 Saturday 20:00
| Modernize: November 21, 2020 at 7:44 p.m.
While ever-increasing vehicle prices continue to victimize citizens, citizens who want to own a car are looking for the answer to the question of whether there will be a reduction in vehicle prices. The withdrawal of the exchange rate in recent months has also raised hopes for those expecting a discount.
DOES THE OFFER IN US DOLLARS AND EUROS REFLECT VEHICLE DISCOUNT PRICES?
People who wanted to get a car started waiting for the announcement of the interest rate decision by the Central Bank with one last hope. In a decision published in the Official Gazette by President Recep Tayyip Erdogan, he ousted Murat Ussal and appointed Naci Abal as chairman of the Central Bank.
A day after his appointment, Finance and Finance Minister Berat Albayrak resigned. Following the resignation and the appointment of Lütfi Elvan as the new Minister, the markets were positively assessed and the dollar and euro exchange rates fell sharply. These positive developments met expectations with the MPC Central Bank meeting announced on November 19, 2020 and the decision to raise the interest rate by 475 basis points and support the reduction of the dollar exchange rate.
People who wanted to own a vehicle after the fall began to wonder about the effects of the exchange rate drop on vehicle prices. In all ratings, the view that there will be a discount on vehicle prices prevails.
VEHICLE MESSAGE PRICES YOU MUST ADD 10 ATTENTION AND 15 PERSONS FOR SECOND DECEMBER HAND VEHICLES!
“Low-interest campaigns and price reductions will take place in December,” said Lawrence Merritt, CEO of VavaCars, who evaluated both new and used vehicle prices. The CEO of VavaCars, who expects the currency to show a stable outlook, said, “If the currency continues to fall, there will be low credit campaigns supported by a distributor instead of lowering prices. This is a closely related situation. second-hand market prices.
Zero vehicle price updates will be provided. Taking into account that the prices of used vehicles are adjusted to zero prices, the effects of used prices will be perceived within 1 month. “With the increase in interest, about 10 percent in new vehicles and about 12 percent – 15 percent in used vehicle prices, they said they expect prices to fall.