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Car Price Bomb Development! This has never been seen before

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The increase in prices of used vehicle sales compared to the first months of the year has approached 40 percent. The main reason for the mobility was purchases made for investment purposes. Making a statement on the subject, Cardata CEO Hüsamettin Yalçın said: “People have turned to second-hand vehicles for investment reasons, rather than mobility needs, for economic reasons. For this reason, since the beginning of the year, the increase in the prices of used vehicles has reached 39 percent. The increases will continue. That is why we are waiting for an active and hot summer in used cars. Especially those who need mobility should make good use of this month ”.

Pointing out that there has been a 35 percent increase in new vehicle prices since the first months of the year, Yalçın said: “There are no more new vehicles under 315K TL. Only 20 car models remained on the market under the 400 thousand TL. This situation also affects mobility in the second-hand market, “he said.

“They buy used vehicles to trade, invest”

Hüsamettin Yalçın, General Manager of Cardata, a leading company in the automotive world in data analysis, said that the dynamism experienced in the second-hand market from the beginning of the year will continue and stated that those who need mobility must be satisfied with the use of this period. Stating that one of the main reasons for this activity was the purchases made for investment purposes, Yalçın said: “The second-hand vehicle market was not very good until March. He recovered after March. People have turned to second-hand vehicles for investment purposes for economic reasons. In other words, people buy second-hand vehicles not only because they need them, but also for trade and investment. This user preference preceded the need for mobility. For this reason, the increase in used vehicle prices since the beginning of the year has reached 39 percent. For the reasons I mentioned, the reason for this upward trend is different from the past. ”

“We are at the right time to buy a used car”

“The price increases will continue. That’s why we expect an active and hot summer in used cars, “said Yalçın,” People travel more in the summer, they go on vacation and their need for mobility increases. Therefore, second-hand demand will increase during this period. In this context, if we consider the following periods, we are in an opportune time to buy a second-hand vehicle. Especially those who need mobility should make good use of this month ”. Yalçın said that since the first months of the year there has been a 35 percent increase in the prices of new vehicles, this situation being reflected in the used market.

Hüsamettin Yalçın said: “Vehicle prices continue to rise. That’s why people invest in the vehicle. Let’s say for example that the vehicle a person wants costs 1 million 500 thousand TL to the authorized dealer and 1 million 800 thousand TL to the gallery. But there is no vehicle at the authorized dealer. Some people prefer the gallery instead of waiting for the vehicle to arrive at the authorized dealer until September-October. Because he thinks the car he bought will sell more expensive in the future. People are buying vehicles out of necessity or investment and will continue to buy them, “he said.

Open scissors, the solution was second hand!

“This year the price difference between used and new vehicles has widened even more, the gap has widened. Hüsamettin Yalçın, who stated that this situation had a positive effect on the second-hand vehicle market, said: “Despite the increase in prices; There is a huge demand for used vehicles, as the price difference between used and new vehicles is increasing. Average prices for new cars in segments A, B and C have doubled compared to average prices for used cars in the same segment. There is no new car model below 315,000 TL anymore. There are only 20 car models under 400 thousand TL. This situation also affects mobility in the second-hand market “.

Stating that sales numbers in the new vehicle market could progress in the range of 50-70k this month, Yalçın said: “We are in a period where almost all vehicles in the hands of authorized dealers are being sold. Not even in the summer months do we expect a downward movement in sales. The new vehicle market can maintain the sales momentum achieved in recent months. This dynamism will continue to increase second-hand sales and, in a sense, will keep demand hot. ”

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