Second-Hand Vehicle Price Increase: November 2023 Report
VavaCars, artificial intelligence-powered VavaAI Price Index In the report prepared by the company, second-hand vehicle prices Year 2023 announced how it progressed in November. According to the report, second-hand vehicle prices increased in November, following September and October. percent 2,5 An increase in the rate was observed. This situation is considered as a reflection of many factors affecting the fluctuations in the markets.
Second Hand Vehicle Prices and Inflation Rate
According to the data of Turkish Statistical Institute (TUIK), inflation rates have reached 42,9% with the increases made since the beginning of the year. In the same period, second-hand vehicle prices were only percent 16,3 This situation shows that the price increases in the second-hand vehicle market remained more limited, regardless of general economic conditions.
Serdıl Gözelekli's Reviews
VavaCars Commercial Group President Serdil Gozelli, the increase in second-hand vehicle prices continued throughout the autumn and this situation Year 2025He stated that the sector has strengthened its growth expectations for the country. From an investment perspective, the exchange rate has been percent 17 Gözelekli, who stated that there was an increase of around 100,000 TL, emphasized that this increase followed a parallel course with the prices of second-hand vehicles.
Demand and Price Dynamics in the Second Hand Vehicle Market
In the current market conditions, there is a period when demand for second-hand vehicles is strong and prices are high. Individuals who want to sell their vehicles have the chance to sell their vehicles at the best value of the year by taking advantage of the current market conditions. This situation offers a very advantageous opportunity for sellers.
Market Trends and Future Prospects
It is necessary to closely monitor developments in the coming months to understand whether the current price increases in the used car market are just a temporary trend or a permanent change. In particular, fluctuations in exchange rates, inflation rates and ensuring economic stability are among the factors that directly affect second-hand vehicle prices.
Things to Consider When Selling Your Vehicle
- Market research: Before selling your car, research the prices of similar vehicles to get an idea of its market value.
- Vehicle Condition: If the vehicle is well-maintained and clean, you can gain an advantage in pricing.
- Correct Advertisement: When creating your ad, make it eye-catching by highlighting all the features and benefits of the vehicle.
- Social Media and Ad Sites: Use social media and classifieds sites effectively to sell your vehicle.
As a result
The increase in second-hand vehicle prices is directly related to economic factors as well as market dynamics. While this period offers an advantageous opportunity for those who want to sell their vehicles, a careful evaluation process is necessary for buyers. VavaCars' report provides important data on the future of the second-hand vehicle market and provides direction for players in the sector.
