Mehmet Mus, Minister of TradeAfter the company announced in a program attended by . Especially as of Wednesday, 10 August, when Minister Muş made the announcement regarding the regulation. second hand An increase was observed in the number of zero kilometer vehicle advertisements placed on sales platforms. According to the data compiled by the automotive data company Cardata, the number of 2022 model vehicle advertisements on second-hand vehicle sales platforms in Turkey increased by 30 percent between Wednesday, August 10 and Saturday, August 13. The number of zero kilometer vehicles in the advertisement, which was 7 thousand on average, exceeded 10 thousand in the said 3 days. It is noteworthy that 80 percent of the new vehicles put on sale are in the C and D segments.
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GALLERIES IN GENERAL
As of Wednesday, August 10, 2022 model vehicles, which have been announced, are generally put up for sale in galleries. The fact that the galleries wanted to get rid of the zero kilometer vehicles as soon as possible was due to the fact that the details of the arrangement were not yet clear. In his statement on the subject, Minister Muş said, “The sales figures of the dealers are certain, their profit margins are certain. When zero kilometer vehicles fall into the second-hand vehicle market, they are sold with a larger number on them, and there is an increase in car prices that triggers each other. We will do this, 6 months after the first registration, we will restrict the sale of companies, galleries, rent a cars, before 6 months after the first registration and 6 thousand kilometers. Therefore, these vehicles will be truly second-hand, and I think that by constantly turning it over, pressure on prices will be prevented.”
WHAT ARE THE PRICES?
There has not been a sharp decrease in the prices of ‘zero kilometer’ second-hand vehicles put up for sale by the galleries, but experts state that there may be a further decrease in prices after the 6-month and 6 thousand kilometer limitation comes into effect. Cardata General Manager Hüsamettin Yalçın said, “Prices in the second hand had returned between 4 and 6 percent since the feast. By the end of August, we expect this decrease to reach 8 percent. In fact, this should be seen as the lowering of the foam on the prices. Because, due to supply problems in the automotive industry, second-hand prices had peaked as new vehicles could not be found. The dealership or individual investor who found a vehicle was also selling the new vehicle at a high price. The new regulation, on the other hand, has a further impact on the decline in used vehicle prices. Because the galleries can no longer put a 1 million lira vehicle in their possession for 1.8 million. Therefore, second-hand foam prices will drop a little more,” he said.
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‘IT WILL PREVENT EXTRAORDINARY PRICES IN THE SECOND HANDS’
Automotive Authorized Dealers Association (OYDER) Chairman of the Board Altuğ Erciş stated that they support the new regulation and said: “We think that the new regulation will be a useful measure in terms of eliminating the complaints and inconveniences that have arisen especially among authorized dealers recently. It is known that there are institutions in the market that buy new vehicles from authorized dealers and sell them second hand at exorbitant prices. We think that such a measure will prevent exorbitant sales in the market and prevent opportunism in order to enable real consumers to access the vehicles more easily. We also support the new regulation created through mutual exchange of ideas with the Ministry throughout the process.”
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