VavaCars Announces May 2025 Price Index Report
VavaCars has presented the May 2025 results of its artificial intelligence-supported VavaAI Price Index to the public. According to the report prepared in line with the data analyzed by VavaCars, second-hand vehicle prices showed a significant increase in May, after March and April. The price index in May 2025, compared to the previous month, percent 2,5 increased at the rate of.
Considerable Increase in Second Hand Vehicle Prices
In the detailed report prepared by VavaCars, the inflation, exchange rate and second-hand vehicle prices were also discussed from the beginning of 2025 until the end of May. According to the data of the Turkish Statistical Institute (TÜİK), inflation will increase from the beginning of 2025 to the end of May. percent 15 In the same period, second-hand vehicle prices increased by percent 6,5 rate. In addition, the dollar exchange rate also increased percent 11 showed an increase in the rate.
Will the Rise Continue?
VavaCars Commercial Group President, evaluating the index results Serdil Gozelli, made the following statements on the subject: “Second-hand vehicle prices have been on a steady rise in the spring months. We anticipate that this upward trend will continue in the summer months. On the other hand, the gap between the increase in second-hand vehicle prices and the increase in exchange rates and inflation rates has gradually started to close. For example, in May, after a long period of time, the increase in second-hand car prices was above both inflation and the increase in the dollar exchange rate. We believe that an even more active second-hand vehicle market will emerge in the coming period.”
