Used Car Prices Are Rising

Used Car Prices Are Rising Used car prices are rising. The rise in the prices of used vehicles is not slowing down. In particular, the negative economic situation brought by the Coronavirus (Covid-19) pandemic caused the used vehicle market to break a record. Although the automotive factories that stopped production due to the pandemic started production gradually, the rise in the prices of used vehicles continues. A vehicle that could be bought for 100 thousand lira 1 week ago goes on sale for 120 thousand lira the other week. In addition to these, the fact that there was an SCT increase made the situation even more difficult. According to the news of İHA, auto dealerships in Ankara stated that the increase in used vehicle prices did not result from their decisions; It was stated that citizens from every profession have become used car salesman. Speaking to İHA , auto dealer Ümit Işık from Ankara used the following statements about the used vehicle market:

“We have a gallery in Ankara Autonomy. Prices doubled as no vehicles came due to the Covid-19 outbreak. Our business is good, but we cannot control the prices. We cannot buy the vehicle we sold for 100 thousand for 100 thousand again. We can only pay a certain amount of money for it. The traders are actually affected, essentially. If it goes like this, prices will likely go up. This authorization and competence certificate will be useful. Many people buy and sell vehicles, everyone started doing this business. Of course, traders buy cars from traders. The status of the new cars is also not clear. I don't think prices are likely to go down after this time. We think it will continue like this. ''

Another auto dealer, Cumali Colak, said, “The vehicle market has been increasing day by day for the last 6 months. One of the main reasons for this is this epidemic disease we are in. The late and small number of new vehicles entering the country also increases the vehicle market. Incredibly, the market continues to increase. Six months ago, everyone could easily buy a medium-sized German brand vehicle, but nowadays it has become very difficult to even buy it. We, as sellers, complain, and the buyer is very complainant. ''   The People Blame Us Auto dealer Ahmet Badak used the following statements about the high prices:

“Now these high prices are not a shameless pricing of the gallery owners. The dollar rose very high. Our state's SCT and tax bracket increased. For example, 75 thousand lira raise came for a 350 thousand lira vehicle. So our people think it originated from us. In other words, he thinks that he is being opportunistic, that the gallery owners buy for 3 and sell for 5 and 7. No such thing. We are also very uncomfortable with this. We sell the vehicle, we cannot buy a replacement for the vehicle we sell. The solution for this has to be production. ''