used cars It is claimed that prices are falling. However, despite this possible decline, prices are still at an incredible level.
The Turkish automobile market is going through an incredible period. Renault sub-brand Dacia even the cheapest car signed 874 thousand TL In today’s world, new car sales despite these high prices breaking recordsConsequently used cars prices are also at exorbitant levels. About this todaySince the beginning of August, used car prices have decreased by 3 percent on average.” who declared Speaking to ECONOMY Cardata CEO Husamettin Yalcin, He summarized this decrease in used car prices as follows: “There has been a decline in second-hand sales since the election. The decline continues. The contraction in sales began to be reflected in prices as of the end of July. There are several major reasons for this. First; The availability problem, which has been a major problem in zero kilometer vehicles since the pandemic, has decreased significantly. Those who could not find a zero kilometer vehicle were turning to second-hand vehicles, which was increasing the prices. Now, as people can find zero km vehicles, the demand for second hand drops a little. The decrease in purchasing power also pushes prices down.” About subject Erol Şahin, General Manager of EBS Consulting, “The market is stuck. The congestion still continues. Although there is an increase in sales in July due to the base effect, the figures will be below June. Increasing prices exceed the purchasing power of the citizens” he speaks. In addition, Şahin emphasized that the pulse of the economy is in the second hand. “A certain 10 percent audience that gets zero. Cars over the age of 10 make up 60 percent of the purchases. While the number of new cars sold in Turkey in the first 6 months is 430 thousand 372, the number of cars aged 30 and over is approximately 448 thousand. This is the reality of Türkiye.” said.
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Otocentre CEO Muhammed Karakaş Stating that there has been a decrease in used car prices for the first time since 2021, “We anticipate that the decline in used car prices, which started in August, will continue until September 15. After this date, the summer is over, and the exchange rate is not going to stop. The exchange rate moves up by 1-2 liras. When that happens, the decline becomes stagnant.” made the statement. Mehmet Celikol, CEO of Carvak whereas, “Our prediction was that this would decrease to 120 percent by the end of the year. The FX-based decline in prices was in line with this expectation. We do not see a significant price decrease in TL terms. However, the increase in the supply of new vehicles, the legal regulation that the second-hand price cannot exceed the price of the new vehicle, and the seasonality effect. We see a small decrease in some segments in August due to the decrease in demand.” he said. Reminding that there was a serious increase in demand in June due to the fact that it was before the feast and the expectation of price increase, Çelikol continues his words as follows: “We started to see a decrease in demand with July and this trend continues in August. However, this was a decrease we expected, it should be evaluated as the seasonality effect of both the summer months and the post-holiday season. With September, we expect to see an increase in demand again, as we have seen in previous years.”