The Chairman of OYDER said that the SCT rates should be updated

Top executives of automotive brands operating in Turkey said that an "extraordinary" year is about to be left behind in the sector, that sales this year will be slightly below 2020, developments in the pandemic, relief in the supply chain and the situation in 2022 will be determined by the course of exchange rates and interest rates. Turgay Mersin, Chairman of the Automotive Authorized Dealers Association (OYDER), told Anadolu Agency (AA) correspondent, the developments in the automotive industry this year and the expectations for 2022. Mersin noted that production and supply-related problems, the deterioration of the supply-demand balance, exchange rate fluctuations and interest rates were the factors affecting the year-end closing of the sector throughout 2021. Expressing that they think that 2021 will close at levels below last year or very close to last year in total sales, Turgay Mersin said, "We had a walk towards 1 million units at the beginning of the year, but as of the end of November, the market was around 675 thousand. To catch up with last year and surpass it, 100 thousand more units needs to be sold. However, it seems difficult to reach this figure due to problems in supply." Sharing his expectations for 2022, OYDER President Turgay Mersin said, "Considering today's demand, we can say that if supply problems improve, the market will not experience a significant decrease in terms of numbers. However, if costs continue to increase due to rapid and upward multi-directional fluctuating exchange rates in our country, these increases will be reflected in the price, and there will be a contraction in demand. In addition, the most important leverage factor of the sector, loan rates and its easy accessibility, have suffered a great damage in today's environment. If we evaluate it from this perspective, it can be predicted that today's demand will decrease significantly."