The automotive industry in Turkey has gone through the most interesting period in recent years. For a while we couldn’t find a car. In this case literally black market environment formed. The cars left in the hands of the trapper became investment instruments. Well, this situation is behind us now, but what happened in the past, today continue to have consequences do.

Emre Özpeynirci, who collected the data on the ‘Automotive Sector Foreign Trade’ from EBS Consultancy, stated that the Turkish has a foreign trade deficit told. The last time this happened was in 2015. Based on the studies conducted, the sector has been in surplus since 2015. According to the analysis, Turkey’s foreign trade deficit in the automotive sector is 3 billion dollars exceeded. According to Özpeynirci, the main reasons for this are the tax rules in Turkey.

When even SCT rates on domestic production increased, we imported

The current special consumption tax rules in Turkey actually are dysfunctional has become. Normally the lowest SCT bracket for a car is 45 percent, but the price increase has put all cars in the 80 percent SCT category. In this case civilians instead of domestic production turned to imports. This is very normal because the locals have no charm anymore. All this returned as a deficit on the foreign trade balance.

According to Emre Özpeynirci’s figures, exports increased by 22.99 percent in the first seven months of the year. $6.3 billion It was recorded as. During the same period, imports increased by 149.05 percent, reaching $9.3 billion. According to Özpeynirci, if the data for August is added, will amount to more than $4 billion.

German, Spanish and Chinese cars brought the industry to this point

The data collected shows that the main reason for the current account deficit is in the automotive industry Germany, Spain And Chinese revealed that this is so. So much so that we have not even exported a single item to China. On the other hand, imports amounted to $447 million. Imports from Germany amount to 147.95 percent and imports from Spain 147.95 percent. 160 percent Although increasing, our exports to these countries are not encouraging. There was even a decline in our exports to Germany…

The best-selling cars in Turkey: