Important Statement from VavaCars on Second Hand Car Prices
VavaCars has shared the November results of its artificial intelligence-powered VavaAI Price Index with the public. The report, based on public data analyzed by the company, reveals that second-hand vehicle prices continued to increase in November after September and October. In November, second-hand vehicle prices increased by 2,5%.
Inflation and Vehicle Prices
When the change in second-hand vehicle prices is compared with the data of the Turkish Statistical Institute (TUIK), it is seen that the inflation rate from the beginning of the year to the end of November was 42,9%. During this period, second-hand vehicle prices increased by only 16,3%.
VavaCars Commercial Group President Serdıl Gözelekli stated that the upward trend in second-hand vehicle prices continued throughout the fall. He noted that this situation further strengthened the sector's growth expectations for 2025. Gözelekli stated that from an investment perspective, the exchange rate has increased by approximately 17% since the beginning of the year and continued as follows:
“The increase in second-hand vehicle prices is parallel to the increase in exchange rates. Currently, demand in the second-hand market is quite strong and prices are high. Those who want to sell their vehicles can take advantage of this positive market trend and sell their vehicles at the best value of the year.”
