Announcement on Second Hand Car Prices Received

Although the decline in exchange rates has started to be reflected in new car prices, there has been no change in the used car market yet. Hüsamettin Yalçın, General Manager of used vehicle pricing and automotive data company Cardata, said: currency mobility and the future of the market made statements about

Stating that 2022 will be better for the whole sector, Yalçın said that after 1 month, with the decrease in the exchange rate, second-hand car prices 50 percent drop announced that they expected it to happen.

“There will be serious decreases in the automobile market”

Hüsamettin Yalçın evaluated how the economic developments in our country affect the automotive sector. “2022, automobile prices is more reasonable and for both new and used cars more mobile it will be a year. With the decrease in the exchange rate, we expect a serious decrease in used car prices in a month. According to our projections, there will be a 50 percent decrease in the second hand automotive market at the beginning of February.” said.

As a result of the fluctuations in exchange rates in recent months, there has been a 40 percent increase in prices for new cars and more than 200 percent for second-hand cars. Yalçın stated that there will be a decrease in vehicle prices due to the decline in the exchange rate in the future. “Following the developments in the exchange rate, 15 automobile brands reduced their prices. 7 auto companies this week update their prices we are waiting” said.

According to Hüsamettin Yalçın There will be no return to the old prices. but a month ago exorbitant prices too it won’t. Although a 50 percent decrease for a month is a serious rate, it is also useful to remember that sellers are almost competing with each other in most pricing that dominates the market right now. Used car prices risen by avalanche Emphasizing Hüsametin Yalçın, “Things like this should disappear with the decline of the exchange rate” said.