Şahsuvaroğlu said that we need to revise its sales targets as well as other brands, “in the world and Turkey with 2-3 weeks for some automotive brands took the decision to stop production. This of course also affected other manufacturers supplying the main industry. It is estimated that the sales loss in China will be at least 3 million. Also, as a country that produces parts for the brands’ production lines and supplies spare parts to the world, China has also created significant problems in general production. ” said.
NO INCENTIVE EXPECTATION
OYDER President Murat Şahsuvaroğlu stated that the support of vehicle loans, which was initiated by the public banks in the last quarter of 2019, and with the participation of private banks, with an interest rate of 0.49 percent, accelerated the whole sector and continued, “This support continues. This application, which directly contributes to sales, can also be called a kind of incentive. We asked for this support to continue in our meetings representing our sector and we got approval from them. We do not expect any tax incentives at this stage. ”
Automotive Authorized Dealers Association President (OYDER) Murat Şahsuvaroğlu
DEALERS ARE STAYING TO STAY!
After the exchange rate attack in August 2018, the market, which started to return to normal especially in the last quarter of 2019, is now experiencing a troubled process due to the Corona virus epidemic. Şahsuvaroğlu is concerned with this issue: “After July 2019, the Central Bank’s interest rate cut decisions and decreases in vehicle loan rates have accelerated the economy wheels and started to operate. However, when we look at the process since August 2018, Automotive Authorized Dealers suffered significant capital losses. Problems experienced by my colleagues on the Banking system, especially in commercial loans, freezing or cancellation of credit limits, and problems in guarantees limited our possibilities to do business in a serious sense. At this stage, our dealers are still trying to survive by depositing all their savings. ” said.
VERY DIFFICULT TO MAKE A MARKET PREDICTION
OYDER President Murat Şahsuvaroğlu added that, in the beginning of 2020, the annual sales expectation of the sector was at the level of 600-650 thousand units. It is not possible to make a prediction. I would like to state that I believe that we will survive this difficult process in cooperation with all my colleagues. Let’s take care of our jobs, staff and customers. ”
