3-year comprehensive research on the used car market

In the comprehensive research carried out by “ikinciyeni.com”, a comprehensive picture of the used car market in recent years was taken.

The last few months are at the center of the decline for the second-hand car market, which came to the fore with a lot of price increases in 2020, which we left behind. The data shared by the important sources of the sector indicate that this will continue numerically for a while. which is one of the important resources that users are directed in Turkey ikinciyeni.compublished its report, which includes the euro rate, new and used vehicle increase rates. According to the report prepared since January 2018, for the first time in January 2021, the rates of increase in all three categories reached equal levels.

In the study, the second-hand car market was followed on the basis of foreign currency and 0 km dynamics.

Evaluating the results indicated by the report, Emre Ayyıldız, General Manager of Garenta and ikinciyeni.com said, “Every month we create a chart that includes both new car, euro rate and second hand prices. I can say that we are taking a picture of the used vehicle market with this table, which contains closely related parameters. When we look at the results of the last month, we saw for the first time that the rates of increase were the same in all three categories.” said.

Stating that they started preparing the report in January 2018 and they have always observed fluctuations since the first day, Ayyıldız said; “In 2018, the euro rate increased by 32 percent, new car prices increased by 17 percent, and used car prices by 3 percent. In 2019, the euro rate increased by 4 percent, zero car prices increased by 15 percent and second-hand prices increased by 29 percent. In a sense, we can say that the automotive sector had to reflect the increase in the euro rate, which it subsidized in the previous year, in 2019. When we look at the first week of November in 2020, the market prices increased by 51 percent compared to the previous year and broke a record. After this period, we observed a decrease in second hand prices.“He used expressions.
Emre Ayyıldız evaluated the cumulative results of the previous month; “When we look at the price increases in January 2021, we see that the rate of increase in all three categories since January 2018 has been 71 percent. This shows us that second hand prices have dropped to 12 percent compared to November 2020. In fact, prices continued to decline in the first week of February, with a 13 percent drop in total. The sharp decline in the currency in the last two months was especially felt in middle and upper segment vehicles. This created an opportunity for those considering buying a second hand vehicle. If the epidemic effects diminish, I think we will see a serious increase in demand for second-hand cars with the arrival of the spring months. This can offer new opportunities in second hand purchase.He said in the form.

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Source: Teknoloji haberleri – LOG by www.log.com.tr.

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