In the second-hand car market, prices generally move downwards due to the decreasing demand at the end of the year. On the other hand, the rise begins again towards the summer months. However, this year there is a higher than expected decrease due to high inflation and interest rates. Here is the latest situation in the second-hand car market…
The latest situation in the second-hand car market!
Arabam.com, a second-hand car buying and selling platform, announced its November data. As a matter of fact, he announced that there was a decline in the market as expected. In fact, in 83 percent of the ads whose prices changed in November, the change was downwards. In other words, prices were brought down because demand decreased.
The average time that vehicles remained in the advertisement remained similar to October, with 48 days. According to the post, November prices of 0-2 year old vehicles in the advertisements are 2.9 percent lower than October, and November prices of 3-6 year old vehicles are 3.1 percent lower than October prices. There is no significant decrease in vehicles aged 13 and over compared to October.
Cybertruck style electric car is coming from Honda!
Honda is preparing to offer a Tesla Cybertruck-style electric car. A photo was shared before CES to be held in January.
Renault was featured the most in the advertisements!
The brands most seen in the advertisements were Renault, Fiat, Volkswagen, Ford, Opel, Hyundai, Peugeot, Toyota, Honda and Citroen, respectively. When we look at the advertisements on a model-specific basis, the most advertised car models in November were Clio, Astra, Megane, Corolla, Focus, Egea, Civic and Passat, respectively. These models were followed by Volkswagen Polo and Ford Fiesta.
Qashqai did not leave the leadership
Looking at the proportional evaluation of Off-Road/SUV/Pick-up advertisements, Nissan Qashqai maintained its leadership in November, as it did in October. The Qashqai model was followed by Dacia Duster, Kia Sportage, Volkswagen Tiguan, Egea Cross, Hyundai Tucson, Peugeot 3008, Nissan Juke, Peugeot 2008 and Chevrolet Captiva, respectively.
Vehicles between 10-15 years old were mostly seen in the advertisements.
The most advertised vehicles in November were models between 10-15 years old, with 28.1 percent. While vehicles between 6-9 years old constituted 21.7 percent of the advertisements, vehicles up to 5 years old constituted 19.5 percent of the advertisements. Vehicles between the ages of 16 and 20 constituted 14.2 percent of the advertisements, and vehicles aged 20 and over constituted 16.5 percent.
The advertising rate for vehicles over 1 million TL is 11.3 percent
Vehicles worth up to 500 thousand TL received the highest share of advertisements in November. The ratio of vehicles in this price range in advertisements was 44.1 percent. While the advertising rate of vehicles between 500,001 – 600,000 TL was 12.9 percent, the rate of vehicles between 600,001 – 700,000 TL was 12.1 percent. While vehicles in the range of 700,001-800,000 TL were seen with an advertisement rate of 9.1 percent, vehicles in the range of 800,001-1,000,000 TL were seen with a rate of 10.5 percent. Vehicles over 1 million TL constituted 11.3 percent of the advertisements.