Industry and Technology Minister Mustafa Varank, in his statement today, stated that Turkey is one of Europe’s largest used car markets. This statement was also an admission of how difficult it is to access new cars in Turkey.
Minister of Industry and Technology Mustafa Varankmade a remarkable statement at the opening ceremony of the VavaCars Expertise and Renovation Center, which it attended today. Stating that such initiatives will make a great contribution to the sector, Varak also shared that VavaCars will provide serious employment by investing close to 200 million dollars in the coming period.
On the other hand, Varank’s remarkable statement was what he said about the second-hand automobile industry in Turkey. Varank states that the automotive industry in Turkey is developing rapidly and at the same time closely follows the trends in the world He also stated that Turkey’s second-hand market is one of the biggest markets in Europe. Varank’s explanation was as follows:
Turkey is one of the biggest second hand markets in Europe
“Turkey has the capacity to produce 2 million vehicles per year. We are a very serious manufacturer that can export over 30 billion dollars. Although new vehicle sales are around 700-800 thousand, about 6 million in automobiles in the second-hand market; 9 million vehicles are bought and sold when you add commercial vehicles, construction equipment and tractors. One of the biggest markets in Europe. In such a large and dynamic market, second-hand sales have an important place in the economy.”
So why?
Demand for second cars is driven by the inability to find new cars or the inability to find new cars, as consumers experienced during the COVID-19 era. inability to access a new car cases increase. Therefore, the increase in the demand for the second-hand market has a negative meaning at one point. increasing in Turkey. with new car prices As this demand continues to increase dramatically, cars on the roads continue to age.