Second Hand Vehicle Market Before Sugar Feast
Approaching Candy Day There are significant changes in the second-hand vehicle buying and selling. Compared to previous years, there is a significant increase in the market this year. drop is happening. High interest rates and banks limiting vehicle loans to 250 thousand liras negatively affects buying and selling transactions. Here are some of the notable elements in this period.
Falling Business Volume for Gallery Owners
Car dealers emphasize that workload has decreased significantly compared to past holidays. Fahri Karlik, expresses this situation as follows: “Our business used to be much busier during the holiday weeks. There would be no vehicles left before the holiday, they would all be sold. However, this is not the case now.” interest rates and limited credit opportunities have pushed vehicle sales to their lowest point. Karlık provides information about the market by saying, “It is important for those who want to buy a vehicle to evaluate this situation. Prices are stable, but increases are expected in the summer.”
High Prices and Purchasing Power
Citizens who are considering buying a second-hand vehicle should consider the high prices He gives up buying because of this. He comes to the car showroom Hakan Isik“The market is very mixed, prices are above average. We are also looking for affordable vehicles, but we are careful to go to reliable addresses,” he says. High prices make buying and selling transactions stagnant and make citizens think.
Stagnation in Appraisals
The decline in auto showroom business volume is also reflected in expertise companies. Omer Gokmen, conveys the seriousness of the situation with the following words: “The workload was higher during the previous holidays. This year, there is a significant decrease in buying and selling. There is a busy holiday week, but a decrease is observed compared to previous years.” This situation creates a difficult process for both gallery owners and appraisal companies.
Market Expectations and Future
It is a matter of curiosity how this slowdown in the second-hand car market will proceed during the summer season. Dealers agree that prices may increase after the holiday. Therefore, they are sending the message that buyers should hurry up in purchasing a vehicle. High interest rates and limited credit opportunities negatively affect buyers' decision-making processes.
Things to Consider When Buying a Second Hand Vehicle
- Trusted Sources: When purchasing a vehicle, it is important to work with reliable dealerships and appraisal companies.
- Price Research: It is necessary to determine affordable vehicles by researching market prices.
- Financial Planning: Due to high interest rates, it is important to plan your budget well.
- Vehicle Status: Thoroughly checking the condition of second-hand vehicles will prevent potential problems.
As a result
The stagnation in the second-hand vehicle market before the Sugar Feast, combined with high interest rates and limited credit opportunities, is negatively affecting buying and selling transactions. Dealers and appraisers are trying to develop various strategies to overcome this situation. Those who want to buy a vehicle should be careful and evaluate the market conditions well. The right moves to be made in the purchase of a second-hand vehicle will be beneficial for both buyers and sellers.
