The price gap in the used car market has widened considerably. Türkiye is going through very interesting times in the automobile world.
According to the news in Hürriyet In the first half of the year, the rate of increase in second-hand vehicle prices is less than zero kilometers. more than doubled. While zero kilometer vehicle prices increased by 28 percent in the January-June 2023 period, Used car prices increased by 70%. The gap in between was also reflected in the second hand market, which increases its sales every summer. Experts said that those who could not buy new cars tended to the second hand, but sales were sluggish due to ‘bubble’ prices and problems in accessing credit. According to the same news, when we look at the six-month price change between one of Turkey’s best-selling zero kilometer car models and the best-selling second-hand car, the picture seems much clearer. Accordingly, the price of the zero kilometer Fiat Egea (1.4 Fire Easy), which was offered for sale from 376 thousand 900 TL in January 2023, until June 2023. It increased by 45.5 percent to 555 thousand 900 TL. In the same period, the price of Renault Megane, the best-selling second-hand car model in Turkey, is exactly increased by 84.7 percent. in January 2023 460 thousand TL2018 model Renault Megane Sedan’s price (1.5 dCi Touch, diesel automatic) as of June 2023 850 thousand TLrose to . The list price of the 2023 model year version of the same vehicle is currently in full. 1 million 130 thousand TL.
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Speaking about the process, Hüsamettin Yalçın, General Manager of Automotive data company Cardata, said, “The hikes in zero kilometer vehicle prices during the normal market periods reflected the second-hand vehicle prices in 1 to 1.5 months. In the current unstable conditions, zero vehicle hikes are reflected directly to the second hand. The 8 percent increase reflected in new vehicle prices due to the increase in the exchange rate at the beginning of June naturally increased the second-hand price. However, the second-hand vehicle market is not at the desired level despite the summer period. The consumer wants to buy, but cannot because of the inflated prices and very limited access to credit. Unless interest, foreign exchange and inflation are balanced, we do not expect a sharp decrease in used car prices. There will only be periodic price decreases.” said.