Used Car Market Stagnant

The automobile industry in Turkey has been going through an interesting process recently. The COVID-19 pandemic first made it difficult to reach new cars due to supply problems. made it impossible. Then the rising exchange rate and inflation caused prices to skyrocket. Of course, these were valid for you and us. Opportunists and those with money, despite all the negativity Achieving the highest sales figures in history they provided.

However, the government put a stop to this situation, albeit late. The regulations that came into force recently, to be cut off caused. At the last point we have reached, we see that automobiles are no longer an investment tool. In fact, the second-hand market, in particular, has literally come to a standstill. Arabam.com, which shares the second-hand car market data for the month of August, our last point it reveals.

There is a decrease in the number of new ads!

According to data shared by Arabam.com, buyers and sellers, as of August, they started to leave the market. As such, the second-hand car market is left to the citizens who really need it. Of course, as a natural consequence of this, there was a balancing in prices. However, this was not the only reason that caused the market to stall. Citizens who have a car and are considering selling it in an unstable state.

According to the shared data, citizens who want to sell their vehicles also tendency to wait They started to show. As such, there was a decrease in the number of new advertisements placed in August. The indecisiveness of those who want to both buy and sell a car means that the second-hand market will continue to exist for a while. to go stagnant may cause. Of course, it should not be forgotten that while these are happening, new cars are starting to become plentiful. This will result in extra price reductions for used cars.

Here are the government’s moves regarding automobiles: