6 Billion Lira Rental Vehicle Receivables

All Car Rental Agencies Association, the umbrella organization of Turkey car rental division (the TOKKDER), an independent research firm that prepared by Nielsen cooperation for the January-Jun period 2020 "TOKKDER Operational Leasing Branch Report" announced ni.

Compared to the report, new car sales that took place in Turkey increased by about 2019 percent compared to the same period of 30,2, operational vehicle leasing department, which is about 2020 percent of new cars during the first half sold in Turkey in 7,3, 14 thousand 900 new added the vehicle to its fleet.

In this period, the effective size of the department, which made 2,6 billion TL new vehicle investment, was 30 billion TL. The number of vehicles in the fleet of the operational leasing branch, which shrank by 2019 percent compared to the end of 8,2, was 255 thousand 900 in total. Dal closed the year 2019 with a vehicle park of 279 thousand units.

THE ADVANTAGE OF THE COMPACT CLASS CONTINUES

TOKKDER respect to the report, Turkey in the operational section of the car park with car hire in the first half with a 26,2 percent stake in Renault was the most preferred brand. Fiat followed Renault with 13,6 percent, Volkswagen with 11,9 percent and Ford with 10,9 percent.

While 50,3 percent of the segment's vehicle park was composed of compact class (C segment) vehicles, small class (B segment) vehicles received 26,7 percent and upper middle class (D segment) vehicles received 13,4 shares. market share in Turkey as the rest of the world also increases with each passing day the shares in the operational leasing of SUVs rose 5,4 percent. According to the report, diesel vehicles constitute 91,3 percent of the car park of the segment, while the share of automatic transmission vehicles was 64,2 percent.

MORE THAN HALF OF THE AGREEMENTS DURING 30 TO 42 MONTHS

with respect to information contained in the report, a valuable part of the new cars bought were sold in Turkey branch of the operational leasing provides a significant entry into the country tax economics in 2020.

In this context, the operational leasing segment, which paid approximately 3 billion TL tax last year, continued its contributions to the country's economy by paying approximately 2020 billion TL in the period covering the first 6 months of 1,4. Another valuable item in the TOKKDER report was the contract terms in the branch.

In comparison, 57,4 percent of operational leasing contracts periodically in Turkey 30- created 42 months. Secondly, the most preferred operational lease term was 16,4 percent with contracts in the middle of 18-30 months, while contracts over 43 months and more were preferred at 16,2 percent.

"RENTING INSTEAD OF BUYING PROTECTS ITS ADVANTAGE"

Making evaluations about the subject, TOKKDER Administrative Council Leader İnan Ekici said, “As the operational car rental department, we made an investment of 2020 billion TL in the first half of 2,6. In the first half of 2019, this number was 2 billion TL.

After the Covid-19 outbreak, efficiency became much more valuable. In the upcoming period, I think that businesses of all sizes will pay attention to productivity and want to increase their own resources or credit limits in their main field of activity instead of purchasing vehicles, by choosing the operational leasing method.

Despite going through an economically difficult period, it is always more advantageous than buying a car rental. We provide the vehicles at more affordable costs, and we reflect the cost advantage to our customers by managing many items such as damage management, maintenance and winter tires ”.

"WE AIM TO CLOSE THE YEAR WITH AN INVESTMENT OVER 6 BILLION TL"

TOKKDER Administrative Council Leader İnan Ekici pointed out that the contraction experienced with the effect of the pandemic in the branch decreased especially in the second quarter, “As the operational leasing segment, our vehicle park shrank by 13,2 percent compared to the same period of the previous year. Our park, which was 295 thousand at the end of the first half of last year, was recorded as 256 thousand in the first half of this year. In the first quarter of 2020, this number was 264 thousand. However, we can observe that the contraction experienced has recovered in the last 3 months. Because the contraction, which was 5,1 percent in the first quarter of the year, was 3,2 percent in the second quarter.

We anticipate a stable course for the rest of the year. In this direction, we claim that we will purchase around 15-20 thousand new vehicles by the end of the year and we aim to close the year 2020 with an investment of over 6 billion TL ”.

"WE BELIEVE THAT THE SCT MATRIX SHOULD BE UPDATED"

Inan Ekici, who also made valuable explanations about the increase in vehicle prices and the vehicles provided by the sector to the second-hand market, continued his words in the following form:

“In 2019, we invested an average of 125 thousand TL per vehicle. Our investment price per vehicle in the first six months of the year was 173 thousand TL.

In the face of the foreign currency gaining a price against TL, keeping the SCT scale bases constant always increases the turnkey prices of zero vehicles.

For example, the SCT base of a model has increased due to the increasing exchange rate, and while this vehicle is subject to 50 percent SCT, it has increased to 60 percent and the turnkey price has increased by 17 thousand TL.

Moreover, at least 50 percent of the vehicles sold in our country are affected by this tax base problem. We believe that SCT scale bases, which have not been updated for two years, should be updated. The second-hand market is constantly affected by the current zero vehicle sales prices. As new vehicle prices rise, the cost of second hand naturally increases.

The formula is actually that easy and frankly it's wrong to look for different things under it. As a branch, we have sold more than we bought in the first half of the year. We sold 47 thousand used vehicles in the first half of last year. In the first half of this year, we sold 37 thousand vehicles as second hand. The number of vehicles we have supplied to the second-hand market has shrunk by 19,7 percent. This is quite normal considering the market numbers and pandemic conditions. ”- Haber7

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