Expectations are also forming for the reflections of the “6 months/6 thousand kilometers” decision, which was taken in the focus of new vehicles, on the second-hand car market.
The lack of availability on the new vehicle side is a major factor in the emergence of numbers that exceed expectations in second-hand price ranges. When we look at the advertisements today, we can see the “0 km” labels for almost every model that exceeds the list price. There are some expectations that the “6 months/6 thousand kilometers” decision, which has been put into use regarding zero kilometer vehicles in the past days, may have the potential to have a positive impact on prices, especially towards the end of the year. One of the sector representatives, RS Auto Expertise Brand President Fatih Yanık, emphasizes that an average of 20 percent decrease can be seen in second-hand car prices.
YOU MAY BE INTERESTED
Used car prices may drop by 20 percent
Burning particular attention to the ODD data in his assessment, says that “not finding a vehicle at the dealership” is an important problem rather than a supply problem for zero kilometer vehicles. Yanik also stated that the problem with the new vehicle is that the real needers cannot find a vehicle; “Looking at the figures, it is seen that 190,609 units were sold in 2020, 181.402 units in 2021, and 198,019 units in 2022 (ODD data) for the months of May, June and July. Instead of new vehicles, the concept of not finding vehicles at dealers seems to be more accurate now.
YOU MAY BE INTERESTED
Although the pandemic, the chip crisis, the exchange rate increase, etc. have affected the availability of vehicles, the sales figures (Approximately 200,000 for 2022) show that the situation is much different. There is a vehicle and it is being sold. The problem with new vehicles is that the real needers cannot find a vehicle and these vehicles are offered for sale at a much higher price than the dealer list prices. The implementing regulation was evaluated in this context. In this process, the availability of new vehicles may increase in the coming days on the dealer side. The number of vehicles to be sold together with the end-of-year campaigns will meet with the customers.
On the second hand side, it was in the usual recession due to the SCT rumors, with the regulation, there is a recession outside of panic sales and this recession may continue until the end of the year.” Burns, who predicts that, “In the current situation, a decrease of around 5-7% is seen in second-hand vehicles. With the increase in zero vehicle availability, it may decrease by 20% towards the end of the year.” he said.