Speculative in used car sales price A week has passed on the ‘6 months and 6 thousand kilometers’ border, which was put into effect to prevent movements. In the first week of the regulation, used car prices drop While it was limited, more significant price decreases were seen in the zero kilometer luxury second-hand vehicles that the galleries put in the ad. Accordingly, in the period from August 16, when the restriction entered into force, to August 25, prices in the second-hand vehicle market decreased by 5 percent on average. In the luxury class, it was observed that the prices of foam decreased more than the average and decreased up to 7 percent.
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GOT THE FOAM IN LUXURIOUS
For example; The price of a car, which was put up for sale at 1 million 975 thousand TL just before the 6 months and 6 thousand kilometer limitation, was updated to 1 million 915 thousand TL after the regulation. The price of another brand new car in the luxury class decreased from 1 million 550 thousand TL to 1 million 50 thousand TL. Emphasizing that there will not be a serious change in the second-hand vehicle market without a decrease in the problems in the supply of new vehicles and a downward movement in the exchange rate or tax rates, the experts underlined that the ‘6+6’ rule will be beneficial in terms of preventing the exorbitant second-hand prices that may arise in the coming period.
3 FACTORS REDUCE
Hüsamettin Yalçın, CEO of automotive data company Cardata, said, “Average 5 percent price decrease was observed in the used car market between 16-25 August. In luxury second-hands, which are advertised as zero, this rate has increased to 7 percent. There was a very serious foam price in this class. In the first days, we observed that this foam decreased a little bit. We do not expect the 6-month and 6 thousand kilometer limitation to cause serious price decreases in second-hand prices. There are 3 main factors that will reduce second-hand prices. These; Ending the problems in the supply of new vehicles, a decline in the exchange rate and an increase in the SCT tax brackets,” he said. According to the data compiled for Hürriyet by Indıcata, which produces second-hand market analysis, the prices of second-hand vehicles put up for sale by corporate companies decreased by 1-1.5%. The number of advertisements also decreased by 4-5 percent. The number of advertisements decreased by 4-5 percent. Aslı Göker, Indicata Sales Director, said, “Used car prices are rising due to exchange rate, production costs, tax and availability problems. I think that without a change in these issues, only this regulation will not have a big impact on prices.”
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WHAT IS THE ACTUAL OBJECTIVE OF THE REGULATION?
The ‘6 months and 6,000 kilometers’ limitation imposed on COMPANIES is not a targeted practice to reduce used vehicle prices. Due to the problems experienced at zero, a small number of cars were purchased by the galleries and put on sale at prices much higher than their second-hand price, and these prices increased the market average. In this respect, it would be more correct to interpret the current declines in the used car market as the removal of some of the foam above the prices. It is a fact that exorbitant second-hand prices are caused not only by companies, but also by individuals who take advantage of the problems in the supply of new vehicles and start buying and selling. Last week, Treasury and Finance Minister Nureddin Nebati said, “100 thousand taxpayers are stuck on our RADAR”.
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