Attention car buyers... Prices to increase by 500,000 TL starting tomorrow: Here are the models that will see price hikes

Turkey has announced that a new additional tax on passenger cars imported from countries outside the scope of the EU and Free Trade Agreements (FTA) will come into effect. This regulation, which will be valid as of November 21, will lead to significant price increases for many vehicles. The prices of many imported models, especially Japanese brands, are rising with this new tax.

Turkey has announced that a new additional tax on passenger cars imported from countries outside the scope of the EU and Free Trade Agreements (FTA) will come into effect. This regulation, which will be valid as of November 21, will lead to significant price increases for many vehicles. The prices of many imported models, especially Japanese brands, are rising with this new tax.

HOW WILL THE NEW TAX RATES BE APPLIED?

The new regulation includes the application of the following rates in addition to the existing 10% customs duty:

Conventional (ICE) and Hybrid (HEV) models: +25% (minimum 6,000 dollars)

Plug-in Hybrid (PHEV) models: +30% (minimum 7,000 dollars)

Full Electric (BEV) models: +30% (minimum 8,500 dollars)

These new tax rates will cause prices to increase significantly for vehicles with high tax bases.

WHICH BRANDS AND MODELS WILL BE AFFECTED?

Japanese car manufacturers are among the brands most affected by the new tax regulation. Price increases are expected for the brands and models listed below in line with these new tax rates:

Honda

Civic

Jazz

CR-V

HR-V

Toyota

Corolla Cross

RAV4

Land Cruiser Prado

Nissan

X-Trail

Subaru

Forester

Crosstrek

Lexus

LBX

NX

RX

LM

HOW MUCH WILL THE PRICE HIKE BE?

The new tax rates will lead to an increase as follows for vehicles with a base price of 1 million TL:

New additional tax: 250,000 TL

Total increase with added SCT and VAT: Can reach up to 540,000 TL

For vehicles with a high tax base, the price difference may exceed 500,000 TL.

BRANDS ARE SEEKING ALTERNATIVE IMPORT ROUTES

Following the new tax regulation, many car brands have started searching for alternative import routes. Some distributors aim to keep prices more affordable by sourcing their vehicles from Europe or countries with lower tax rates. Additionally, it is stated that some brands plan to absorb this new tax difference from their profit margins to limit price increases. However, industry experts point out that given the magnitude of the tax change, this method will not be sustainable.

CURRENT PRICES BEFORE THE HIKE

The current prices for vehicles expected to see price increases due to the impact of the new tax regulation are as follows:

Toyota

Corolla Cross Hybrid: 2,435,000 – 2,544,000 TL

RAV4 Hybrid: 5,639,000 – 5,781,000 TL

Land Cruiser Prado: 12,000,000 TL

Honda

Jazz: 1,730,000 – 1,875,000 TL

HR-V HEV: 2,330,000 – 2,950,000 TL

Civic: 2,360,000 – 2,690,000 TL

CR-V: 6,150,000 TL

Nissan

X-Trail: 2,899,000 – 3,975,300 TL

Subaru

Crosstrek: 3,249,900 TL

Forester: 4,499,000 TL

Lexus

LBX: 2,800,000 – 3,265,000 TL

NX: 7,450,000 – 9,180,000 TL

RX: 9,945,000 – 10,850,000 TL

LM: 16,315,000 TL

These prices are expected to rise in the coming days following the new tax regulation.