Price Trends and Expectations in the Used Vehicle Market
In recent years, in Turkey second hand vehicle The market has undergone significant changes due to various economic factors. In particular, fluctuations in exchange rates, inflation rates and the increase in consumer demand have caused prices to rise in this market. Analysis conducted as of 2025 shows that this trend will continue.
Reasons for the Increase in Second Hand Vehicle Prices
Among the main reasons for the increase in second-hand vehicle prices are: rising inflation rates, increase in exchange rates and demand lagging behind new vehicle prices. For example, according to the Turkish Statistical Institute (TUIK) data, the total inflation increase in one year was 37,86%. This situation causes consumers to turn to second-hand vehicles.
Exchange Rates and Second Hand Vehicle Prices
Changes in exchange rates, second hand vehicle prices directly affects. In the last 12 months, the dollar exchange rate has gained 18,8% against the Turkish Lira, which has increased the prices of second-hand vehicles. With the increase in exchange rates, consumers are turning to more economical second-hand vehicles.
April 2025 Price Index Report
The 'VavaAI Price Index April 2025' report prepared by VavaCars shows that second-hand vehicle prices increased by 1,7% compared to the previous month. This increase occurred in parallel with the desire to own a vehicle before the holiday and the increase in foreign exchange. This situation creates serious activity in the second-hand vehicle market.
Expected Increase in Demand in Summer
With the arrival of the summer months, a significant increase in demand is expected in the second-hand vehicle market. VavaCars Commercial Group President Serdıl Gözelekli states that the market will become even more active in the summer months and that second-hand vehicles will see increased demand due to their investment value against foreign currency. This may lead to further increases in second-hand vehicle prices.
Investment Value in Second Hand Vehicles
Second-hand vehicles against foreign currency investment value The idea that they carry increases the interest of consumers in these vehicles. In an environment of economic uncertainty, second-hand vehicles stand out as a safe investment vehicle. Gözelekli states that at this point, second-hand vehicles are likely to maintain their value against foreign currency.
The Impact of Price Increases on Consumers
The increase in second-hand vehicle prices directly affects consumers' purchasing decisions. High prices cause some buyers to turn to more economical second-hand vehicles instead of buying new ones. This increases competition in the second-hand vehicle market and causes prices to rise even further.
Surveys and Consumer Trends
Surveys show that the most important factors that consumers pay attention to when purchasing a second-hand vehicle are price, vehicle condition and brand preferences. Considering the increase in inflation and exchange rates, consumers prefer the most affordable and reliable vehicles.
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Price increases in the used vehicle market are closely related to changes in exchange rates, inflation and consumer demand. As of 2025, the expected increase in demand in the summer months indicates that used vehicle prices may rise even further. Consumers' interest in used vehicles that have value against foreign currency will continue to change the dynamics of this market.
