February The number of installments and loan amounts were re-determined in vehicle loans realized in the same month. Maturity rates and loan amounts have been updated. With the update, the activity in the second-hand car market was also higher than in January. Details of second-hand car sales in February…
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Interest in vehicles aged 10 and over increased in second-hand car sales in February
Along with the update made by the Banking Regulation and Supervision Agency on vehicle purchases. 120 thousand liras The loan arrangement in vehicle purchases with and below has been withdrawn to the level of 400 thousand liras. In vehicle purchase loans between 400 thousand lira and 800 thousand lira, the maturity 36 brought to the moon level.
Maturity for loans between TL 800 thousand and TL 1 million 200 thousand 24 months while the maturity of vehicle purchase loans between 1 million TL and 2 million TL was updated to 12 months. However, with the update, an increase was observed in the sales share of vehicles over the age of 10, according to the data of sahibinden.com, the second-hand car market.
In February, the category with the most advertisements was automobile, followed by Minivan & Panelvan, Terrain/SUV & Pickup, commercial vehicles and motorcycle. In terms of automobile sales, February was more active than January. Renault Clio took the first place when the vehicles with the most advertisements were listed by brand and model. Volkswagen Passat took the second place, followed by Renault Megane and Opel Astra. 5th place is Toyota Corolla.
Nissan took the first place in the Off-road/SUV category with the most advertisements. According to the published report, another interesting part is that 32.7% of the advertisements are vehicles with a range of up to 100 thousand kilometers. When we look at the price range basis, the vehicles offered for sale the most were those above 300 thousand TL. Vehicles between 100 thousand and 150 thousand TL and between 150 thousand and 200 thousand TL took their place with a ratio of 13.9.
What do you think about the used car market? We welcome your thoughts in the comments and on our Forum page…