The summer period will be of vital importance for the usual picture of the used car market, which is considerably below the expected level.
In the last few months, when the coronavirus picture has worsened day by day, inevitable additional measures have started to show themselves. The last step of this process is experienced together with the complete closure we are in. The second-hand automobile market, where an increase is expected with the new year, has been greatly affected by these negative developments in the epidemic table. The used vehicle sector, which has shown one of the worst performances in its history due to weekday and weekend restrictions for about 6 months, turned its eyes to after the holiday. From the representatives of the industry Otomerkezi.net Its CEO, Muhammed Ali Karakaş, made statements about the picture that awaits us in the coming days with the last 6 months.
Used car market was half below expectations
Underlining that the first quarter of the year was below all expectations on sales basis, Karakaş; “With the approach of the summer months, we anticipate a recovery in the used vehicle market with the demand postponed after the holiday. However, it is impossible to sell cars under the curfew, although the notary public and bank practice continues. In order not to stop the used vehicle trade completely, it is one of our demands to allow online sales and to deliver the cars to the buyers’ address via the online communication system.
The months of January, February and March were closed with a figure of over 1 million, which is an average of 2 million per quarter. It was predicted by the sector representatives that the year 2021 will be completed with a growth of 5 percent, with a figure of 8.5 million. If the restrictions are gradually lifted after the full closure, the automotive sector will recover again. With the complete closure, our most important expectation from our state authorities will be to speed up the vaccination process. Because the weekend is of critical importance for the automotive industry, 75 percent of consumers still prefer to physically inspect and purchase vehicles at dealers. Since buying a car in Turkey is seen as a special activity and passion, there is still a long way to go in the digitalization process. ” He emphasized that the summer months should be productive for expectations.
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Source: Teknoloji haberleri – LOG by www.log.com.tr.
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