The needle changed in the second-hand car

Low-mileage, accident-free, and unpainted vehicles between 1 and 5 years old are now in the market in the highest demand. Buyers are avoiding vehicles that could incur repair costs, while higher-priced, newer models are becoming increasingly popular.

60 PERCENT OF SALES ARE FOR VEHICLE RENEWAL PURPOSES

According to experts, approximately 60 percent of used car sales are from those looking to replace their existing vehicles, while 40 percent are from those who can't find a new car or are simply out of budget. While interest in electric vehicles has increased, many dissatisfied buyers have returned to diesel vehicles. Diesel is currently the most popular engine on the market.

Uncertainty in Insurance and Insurance Prices

The rapid fluctuation in prices for traffic insurance and comprehensive insurance policies is confusing for vehicle owners. A policy cost that was 30,000 lira just one hour ago can quickly rise to 40,000 lira. For genuine parts, prices can rise even higher, reaching 50,000 lira. This uncertainty is leading to a decline in the number of insured vehicles and leaving drivers hesitant about whether to purchase comprehensive insurance.

CREDIT CARD INSTALLMENTS INCREASED SALES

Increasing the number of credit card installments has stimulated the used car market. However, due to rising costs, profit margins are reportedly down to 2-3 percent. While most car buyers aim for vehicles over 1 million lira, their budgets often fall short. Despite this, the used car market appears to be experiencing greater activity compared to last year.