Bomb development on car prices! This has never been seen before

The price increase in used vehicle sales since the first months of the year has approached 40 percent. The biggest reason for the mobility was the purchases made for investment purposes. Making a statement on the subject, Cardata General Manager Hüsamettin Yalçın said, “People turned to second-hand vehicles for investment purposes, rather than mobility needs, for economic reasons. For this reason, since the beginning of the year, the price increase in second-hand vehicles has reached 39 percent. The increases will continue. That’s why we are waiting for an active and hot summer in the second hand. Especially those who need mobility should make good use of this month.”

Pointing out that there has been a 35 percent increase in new vehicle prices since the first months of the year, Yalçın said, “There are no new vehicles under 315 thousand TL anymore. Only 20 car models remained in the market under 400 thousand TL. This situation also affects the mobility in the second-hand market,” he said.

“They buy second-hand vehicles to trade, invest”

Hüsamettin Yalçın, the General Manager of Cardata, the leader company of the automotive world in data analysis, stated that the dynamism experienced in the second-hand vehicle market since the beginning of the year will continue and said that those who need mobility should make good use of this period. Stating that one of the main reasons for the said activity was the purchases made for investment purposes, Yalçın said, “The second-hand vehicle market was not very good until March. He recovered himself after March. People turned to second-hand vehicles for investment purposes due to economic reasons. In other words, people buy second-hand vehicles not only because they need it, but also for trading and investment. This preference of the users preceded the need for mobility. For this reason, the price increase in second-hand vehicles since the beginning of the year has reached 39 percent. For the reasons I mentioned, the reason for this increasing trend is different from the past.”

“We are at the right time to buy a used car”

“Price increases will continue. That’s why we expect an active and hot summer in the second hand,” Yalçın said, “People travel more in summer, go on vacation and their need for mobility increases. Therefore, second hand demand will increase in this period. In this context, when we consider the following periods, we are at a suitable time to buy a second-hand vehicle. Especially those who need mobility should make good use of this month.” Yalçın said that since the first months of the year, there has been a 35 percent increase in new vehicle prices, this situation is reflected in the second-hand market.

Hüsamettin Yalçın said, “Vehicle prices continue to increase. That’s why people invest in the vehicle. For example, let’s say that the vehicle that a person wants costs 1 million 500 thousand TL at the authorized dealer and 1 million 800 thousand TL at the gallery. But there is no vehicle at the authorized dealer. Some people prefer the gallery instead of waiting for the vehicle to arrive at the authorized dealer until September-October. Because he thinks that the car he bought will sell more expensive in the future. People buy vehicles for need or investment, and they will continue to buy them,” he said.

Scissors opened, the solution was second hand!

“This year, the price difference between second-hand and new vehicles has increased even more, the gap has widened. Hüsamettin Yalçın, who made the statement that this situation reflected positively on the second-hand vehicle market, said, “Despite the price increase; There is a tremendous demand for second-hand vehicles, as the price difference between used and new vehicles is widening. Average new car prices in the A, B, C segments doubled compared to the average used car prices in the same segment. There is no longer any new car model under 315 thousand TL. There are only 20 car models under 400 thousand TL. This situation also affects the mobility in the second-hand market.”

Stating that the sales numbers in the new vehicle market may progress in the range of 50-70 thousand this month, Yalçın said, “We are in a period where almost all of the vehicles in the hands of authorized dealers are sold. We do not expect a downward movement in sales in the summer months either. The new vehicle market can maintain the sales momentum it has achieved in the past months. This dynamism will continue to increase second-hand sales, and in a way it will keep demand warm.”

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