Republic of Turkey Ministry of Commerce commissioned for automobile sales by “6 Months – 6 thousand kilometers” restriction ends on January 1.
It was put into effect to prevent new cars from being sold at a much higher price than normal.6 Months – 6 thousand kilometersThe extension of the “” restriction is at this stage. not expected. In the statement made in June about the extension of the process until January 1, 2025, the following was stated: was transferred: “Our Ministry of Commerce continues its work with determination to eliminate the speculative price formations and stockpiling activities experienced in the automotive market last year and last year and to re-establish a fair, competitive and stable market structure in the sector. In this context, with the “marketing and sales restriction”, the direct or indirect marketing or sale of motorcycles, automobiles and off-road vehicles by authorized dealers and individuals engaged in the trade of second-hand motor vehicles shall not be allowed until 1 July, unless 6 months and 6 thousand kilometers have passed from the date of first registration. New regulations were implemented stating that it could not be done until 2024.
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Likewise, with the “advertising restriction”, it was determined that second-hand sales could not be marketed through advertisements at a price higher than the current sales price until July 1, 2024. 6 months and 6 thousand km by our Ministry of Commerce. Within the scope of the regulation, an administrative fine of approximately 52 million TL was imposed on authorized automobile dealers and auto galleries, and approximately 90 million TL was imposed on those who violated the advertising restrictions.”
As a result of the regulations and inspections carried out by our Ministry of Commerce; Unfair profits were prevented by selling new vehicles as second-hand vehicles, contributing to the increase in the supply of new vehicles, allowing those in real need to access vehicles, and eliminating consumer grievances by preventing speculative price increases in the automotive sector.
In this regard, taking into account the gains in question, our Ministry of Commerce has decided to re-extend both relevant regulations for 6 months, until January 1, 2025.
In this context, those who engage in the trade of second-hand motor vehicles with a second-hand motor vehicle trade authorization certificate, as well as all natural or legal entities who sell three or more second-hand motor vehicles without an authorization certificate within a calendar year, are subject to a 6-month – 6 thousand km travel time. Sales that violate the regulation will continue to be prevented by Notary Publics.
With these regulations that we, as the Ministry of Commerce, have implemented in the motor vehicle trade, efforts will be continued meticulously in order to ensure price stability in favor of consumers and to establish a fair and balanced market structure for sector officials, and additional measures will be taken if necessary.