Breaking Point in the Automotive Industry July 1

breaking point in the automotive sector july
breaking point in the automotive sector july

Hüsamettin Yalçın, General Manager of Cardata, the largest data and second-hand pricing company in the automotive industry, emphasized that as of July 1, quite active days await the automotive market.

Hüsamettin Yalçın, in his evaluation based on his data, said, “A very lucky 2-month period awaits the sector. Long holiday periods will activate the used car market as well as the new ones. We expect June to close with 75 thousand units in terms of new automobile sales. Second-hand vehicle sales will be 5-6 times that. However, the real breaking point is July 1. There will be a very high demand for second-hand vehicles, especially before the holiday, that is, until the 15th of July. Our analyzes show that 300 single second-hand vehicles will be sold in July. Most of these sales will take place in the first 15 days. Hüsamettin Yalçın, who added that new vehicles continue to be seen as investment vehicles, said, “There are only 150 vehicles left until 3 thousand TL. The main thing to pay attention to is the 300-400 thousand TL band. Because brands have positioned most of their vehicles here. Currently, the most models are in this range with 210 units and the average price has reached 352 thousand 200 TL.

The fact that the pandemic restrictions will be lifted in July points to active days for many sectors. Among these sectors is the automotive sector, which has met a significant demand especially in new vehicle sales since the beginning of the year. Hüsamettin Yalçın, the General Manager of Cardata, one of the companies with the largest automotive data pool in Turkey, drew attention to July 1 and stated that an intense process will be entered in both the new and second-hand vehicle markets. Hüsamettin Yalçın said, “A very lucky 2-month period awaits the sector. Long holiday periods will activate the used car market as well as the new ones. In line with our comprehensive analysis, we expect June to close with 75 thousand units in terms of new automobile sales. Second-hand vehicle sales will be 5-6 times that. However, the real breaking point is July 1. We expect a very high demand for the second hand, especially before the holiday, that is, until the 15th of July. Our analyzes show that 300 single second-hand vehicles will be sold in July. Most of these sales will take place in the first 15 days.

Only 150 vehicles left until 3 thousand TL, the most models are in the 300-400 thousand TL band

Cardata General Manager Hüsamettin Yalçın said, “The demand for new vehicles has been increasing since the beginning of the year. Due to the economic developments, he sees the zero vehicle with money as an investment tool and firstly wants to buy zero. The increase in real estate prices and the high interest rates have a very important effect on this. On the other hand, prices in the new vehicle market are heavily suppressed due to the SCT and exchange rates. According to Cardata data, only 150 vehicles are left up to 3 thousand TL at the moment. The average price of these vehicles is 134 thousand 900 TL. There are 150 vehicles between 200-66 thousand TL. The average of vehicles in this range is 184 thousand 400 TL. There are 200 vehicles in the range of 300-152 thousand TL and the average price is 328 thousand 800 TL. The main thing to pay attention to is the 300-400 thousand TL band. Because brands have positioned most of their vehicles here. Currently, the most models are in this range with 210 units and the average price has reached 352 thousand 200 TL. Afterwards, there are 400 vehicles in the 500-117 thousand TL band and 500 vehicles in the 600-77 thousand TL band. Due to the high prices, we expect the demand to turn significantly towards second hand, especially in July," he continued.

Shows the value of the vehicle in seconds with the 'Sell Now' application

Expressing that the demand to be experienced in the second hand will be the lifeblood of the second-hand vehicle tradesmen who have been faced with a fluctuating pace for 6 months, Cardata General Manager Hüsamettin Yalçın also gave information about the 'Sell Now' application, which will strengthen the vehicle supply of the businesses selling second-hand vehicles. Hüsamettin Yalçın said, “As Cardata, we developed a smart vehicle pricing module last year that brings together sellers and consumers in the second-hand vehicle industry. More than 650 authorized used dealers currently use our modules and they are very satisfied. With the application, distributors, dealers, galleries and all other businesses can now show consumers the value of their vehicle for free and make purchases through their own websites. Thanks to the application, which can be accessed via the "We buy your vehicle immediately" link on the companies' websites, consumers can learn the values ​​of their vehicles in seconds. Consumers who find the price appropriate can request the seller to contact them with a single click. In this way, we ensure that companies engaged in the purchase and sale of second-hand vehicles can easily access the vehicles, while also strengthening the second-hand supply in the sector.”

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