Attention to buyers of used cars! Prices and sales have increased – The right address for financial news

The automotive sector, which started the year badly, has become active with the summer season. The increase in exchange rates, the chip crisis and the crisis between Russia and Ukraine affected the automobile industry. After these developments in the sector, citizens turned to second-hand cars and sales began to increase. Accordingly, sales increased by 29 percent compared to March, by 34 percent compared to April of last year, and by 39 percent compared to the average of the last 3 years. Prices rose 4% on average.

According to the data compiled by Indicata from the second-hand online market report, 191,401 sales were realized in the second-hand online passenger and light commercial vehicle market in Turkey last month (when the vehicles that have been completely removed from the advertisement are considered sold).

Compared to March, sales increased by 29%, compared to April of last year by 34% and when the average of the last 3 years is considered, an increase of 39% was recorded.

MORE THAN HALF OF THE VEHICLES ANNOUNCED ARE SOLD

Last month, the share of passenger cars in second-hand online sales was 82 percent, and the share of light commercial vehicles was 18 percent.

The number of vehicles advertised in the second-hand online passenger and light commercial market decreased by 325 thousand 312 in April compared to March. 59 percent of the vehicles advertised were sold.

PRICES RISE

According to the analysis made by examining the price changes of 123 thousand 800 advertisements of 2 thousand 543 variants belonging to 258 models of the first 32 brands with the highest sales in the second-hand market in the 2010-2021 model years, an average of 4 percent in the second-hand online passenger and light commercial vehicle market in April compared to the previous month. increase was observed.

DIESEL CARS RANK FIRST

When Turkey’s second-hand online passenger and light commercial market is evaluated by engine type, diesel cars had the highest share in April with 115,533 sales and a share of 60.4 percent.

Diesel cars were followed by gasoline with 69,927 sales and a share of 36.5 percent, and hybrid cars with a sales of 3 thousand 656 and a share of 1.9 percent.

The share of autogas cars was 0.9 percent with 1,702 sales, and the share of electric cars was 0.3 percent with 583 sales.

MOST C SEGMENT SOLD

Last month, the most C segment vehicles were sold with 64 thousand 70 units. After the C segment, the highest sales were realized in the B segment with 34 thousand 900 units.

Vehicles between the ages of 0 and 4 had the highest share of sales in the second-hand online passenger and light commercial vehicle market, with 37.5 percent. Then, vehicles between the ages of 5 and 10 with a share of 33.7 percent and vehicles over the age of 11-17 with a share of 28.9 percent were listed.

KILOMETER PREFERENCES IN SALES

Looking at the mileage breakdown of the vehicles sold, the highest share of sales was 64 percent, with vehicles at 90 thousand kilometers.

This was followed by cars in the 0-30 thousand kilometers band with a 16 percent share, 60-90 thousand kilometers with a 10 percent share, and 30-60 thousand kilometers with a 10 percent share.

auto-sale6

MOST SALES HAS BEEN IN ISTANBUL

When we look at the provinces last month, the highest second-hand automotive sales were realized in Istanbul with a 28 percent share and 53 thousand 444 sales.

Ankara was followed by Ankara with 8 percent share and 15 thousand 193 sales, and İzmir with 10 thousand 555 sales and 6 percent share.

MORE THAN 450K USED VEHICLE DATA IS ANALYSED DAILY

Indicata, a business intelligence kit that combines machine learning, artificial intelligence and big data, analyzes more than 450 thousand used vehicle data daily by scanning the used online vehicle market in Turkey.

The sales data in the report is based on the advertisement data of more than 40 thousand institutions and organizations engaged in second-hand trade in the online market. These include listing sites such as sahibinden, Arabam, Letgo, and VavaCars, as well as corporate second-hand websites of OEMs, institutions and platforms where high volume sales are made, such as Leaseplan, Intercity and Otokoç. The figures do not contain data on individual vehicle advertisements.

Institutions engaged in second-hand trade on the online platform are withdrawing the advertisements of the vehicles they offer for two reasons. First, it revises the prices of the vehicles in the advertisement according to the changing market conditions and publishes the advertisement again. Indicata also monitors when these ads are re-published. Secondly, the trading institution withdraws it from the ad because it has sold its broker, and publishes an ad for a broker that it will re-sell. This second group of vehicle listings, that is, vehicles that are completely removed from the listing, are considered “for sale”. (AA)

CLICK TO RETURN TO HOMEPAGE
After the house, it's the turn of the car!  They announced the campaigns one by oneAfter the house, it’s the turn of the car! They announced the campaigns one by one
Inflation activity in gold and dollarInflation activity in gold and dollar
Your pension or insurance may be cancelled!  Watch out for these letters!  check from e-government...Your pension or insurance may be cancelled! Watch out for these letters! check from e-government…

.

Leave a Comment