The credit tap was cut off and vehicle sales almost came to a halt. Although sector representatives call for ‘there will be a raise’, these words do not find any response from the citizens. Citizens who complain about high prices are turning the needle in the other direction. While new vehicles have increased by 15 percent since January, there has been a 5 percent increase in the second-hand market.
NO ONE IS APPROPRIATE TO GIVE A LOAN
Those who want to buy a vehicle without taking out a loan especially look at the second-hand market. Those who want to take out a loan and buy a higher model give up because it is more expensive due to its lining.
SALES HAVE REACHED A STOP
Industry representatives stated that loans of up to 200 thousand liras were given for 1 million vehicles. Naturally, this situation also affects sales. A dealer who spoke to Show Haber stated that they normally sell between 20 and 30 vehicles per month, but recently they have sold between 2 and 4 per month.
AUTOMATIC GEAR IS PREFERRED
The model and features of the vehicle are also important in sales. While some vehicles find a customer in the market within 1 week, some vehicles can wait in front of the door for 3 months. Customers generally prefer automatic transmission.
VEHICLES UNDER 10 YEARS OLD ARE GOING FASTER
Vehicles under 10 years old and in the middle segment are preferred as usual. Citizens walking around the market say that they need to pay at least 800 thousand liras to buy a mid-range vehicle.
THE PRICES OF SOME VEHICLES HAVE DECREASED
There were discounts on some vehicles. While the cost of a 2010 model vehicle was 700 thousand lira last month, it has now dropped to 650 thousand lira. Tradesmen expect prices to increase again in the summer. Some gallerists stated that they expected a raise of over 20 percent.
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Tags: secondhand vehicle market increased Dealership owners revolt sell vehicles month dropped address financial news