Cars Purchased from Dealers are Sold at High Prices

With the chip crisis that continues to affect all sectors around the world, inflation and the increase in the exchange rate in our country had managed to raise automobile prices by tens of thousands of TL in one night. However, there is another reason that causes the increase in the prices of vehicles: The influx of new cars in used cars.

In the automotive sector, where production slowed down due to the chip crisis, deliveries to dealers were also greatly affected. As such, the automobile has now turned into an investment tool in this sector where the demand cannot be met. Deliveries that come to dealers at long intervals have started to be made to those who have their names written on the dealers’ order list. Many of these people have a brand new car that they just bought. to the second-hand market at a higher price progress.

“Even people who have nothing to do with cars are lining up”

Savaş Açıkgöz, one of the second-hand automobile sector representatives, explains this issue as follows:

“The automobile has always been an investment vehicle in Turkey. This trend has peaked. People line up in a brand new car. A few weeks after the vehicle they received plans to sell with a minimum profit of 5-10 percent doing. Because it is always easy to turn the car into cash. Even people who have nothing to do with cars are lining up. There are even those who do this without allocating a budget. When the delivery day approaches, he sells the vehicle he has not received yet at a higher price and pays the dealer the money in this way. We will see this trend in the first months of next year. Consumers see investing in a car as risk-free and think ‘I can sell it at the worst price I buy’.”

On the other hand, Açıkgöz large companies supplying second-hand also collects vehicles from the market, these vehicles sell when the price goes up He said they are planning.

The example in Russia could be an example from our future if we don’t prevent it:

Another place where order queues occur due to the chip crisis is Russia. But here things got a little more exaggerated. In Russia, it is necessary to wait in line for months, or even close to a year, to get a new model. Those who take advantage of this situation the order they bought costs about 250 thousand rubles. (34 thousand TL) is on sale.