We think it won’t be a surprise to anyone, but used cars serious hike in prices is at the door. Here we are talking about a 6% increase.
According to the news in My Economy The rapid increase in the exchange rate caused new price increases in zero kilometer vehicles. The hike wave soon spread to the second-hand market. Auto Center CEO Muhammad Ali Karakasuntil the feast used cars He said prices will continue to rise. In this regard, Karakaş “Due to the change in the exchange rate, the 7 percent to percent increase in new cars started to be reflected in the second market as well. Since it is a digital market, price reflections on advertisement sites no longer take 24 hours.” made the statement. Muhammed Ali Karakaş said that in parallel with the effect of Eid al-Adha, the start of the summer months, the opening of the rental season and the problems experienced in vehicle supply, they foresee a price increase of 4 to 6 percent in second-hand cars until the last week of June. Karakaş summarized his expectations for sales in the second-hand market and the developments that will shape the market as follows:If the effects such as the summer season, the rate of increase in rentals, the rate of increase in the exchange rate serve as an investment tool, trade will accelerate. In this case, naturally, the number of second-hand items continues to increase. We have a sales expectation of over 7.5 million units in the second-hand car market by the end of the year.” According to reports, 6.4 million used cars were sold in 2022.
YOU MAY BE INTERESTED
Pointing out that there may be different trends in vehicle sales depending on the course of the exchange rate, Muhammed Ali Karakaş said:If the rapid rise in the exchange rate continues, many people may suspend vehicle sales and wait.” said. Expressing that the new roadmap in the economy will determine the fate of the sector, Karakaş said, “The government’s return to rational economic policies will prompt foreign investors, especially manufacturers, to make new plans in Turkey. We expect various method changes in tax as the effects such as the return to new economic policies, sustainability and the uniformity of the market take effect in a minimum of 3-4 months. It is certain that the moves that will create a tax advantage for the consumer, especially for the electric car incentive, will have wide repercussions in the sector. In this context, the market will find its own way and make a pricing in the balance of exchange rate, interest and inflation. he said.