February Assessment of the Second Hand Vehicle Market
Online advertisement platform mycar.com, has made significant findings by analyzing the February used car advertisement data. This report provides an in-depth perspective on the used car market and highlights the points that consumers, sellers and investors should pay attention to. In particular, it is seen that inflation-adjusted prices decreased by 1,8% compared to January. This provides valuable information about the general trends of the market.
Second Hand Vehicle Prices and Brands
Average vehicle prices in the ads 783 thousand 68 lira This price range is another important detail that those who are considering buying a second-hand vehicle should pay attention to. Among the most frequently seen brands in advertisements Fiat, Renault, Volkswagen, Ford, Opel, Hyundai, Peugeot , Toyota, BMW ve Citroen These brands stand out among consumers' preferences and shape the dynamics of the market.
Vehicle Listings by Model
In the model-based reviews, the most common car models in the advertisements are as follows:
- Clio
- Megane
- Egea
- Corolla
- Astra
- Focus
- Passat
- Civic
- Polo
- Golf
These models stand out as the vehicles that best reflect market demand and attract the attention of buyers.
Price Ranges and Vehicle Age
In February, the rate of vehicle advertisements up to 500 thousand liras decreased to 35,8%. This shows a decrease of 2,5 points compared to the previous month. On the other hand, 1 million pounds The advertisement rate of vehicles above increased by 26 points, reaching 2,6%. This situation reveals that the interest in high-priced vehicles has increased.
The ad rate for vehicles up to 5 years old has increased to 27,7%. This shows that there is increasing interest in young vehicles in the second-hand market. Ad rates by age range are as follows:
| Vehicle Age | Advertisement Rate (%) |
|---|---|
| 6-9 age | %16,9 |
| 10-15 age | %27,4 |
| 16-20 age | %13,2 |
| 20 years and older | %14,9 |
The proportion of vehicles aged 20 and over decreased by 1,8 percentage points compared to the previous month, falling to 14,9%. This data shows that the market share of older vehicles is decreasing.
The Rise of Automatic Transmission Vehicles
There has been a noticeable increase in the ad rate of automatic transmission vehicles. The automatic transmission vehicle rate, which was 34% in January, increased to 37% in February. The ad rate of manual transmission vehicles decreased from 58% to 55% in the same periods. This shows that consumers' interest in automatic transmission vehicles has increased.
Market Expectations and Future Forecasts
arabam.com CEO Önder Oğuzhan stated that prices will be more stable in the first months of 2025 and that observations will be made in the market. An increase in demand is expected on the consumer side after the interest rate cut in March. It is predicted that there may be a movement in vehicle purchases especially before the holiday. Oğuzhan made the following assessments: “Following the interest rate cut decision, we expect the increase in credit usage and consumers who want to buy vehicles that fit their budget to increase demand with the arrival of spring. We predict that this increase in demand will stimulate the market.”
