2024 in Türkiye second hand motor vehicle transferThe market is witnessing remarkable developments. Rapidly changing market conditions shape the economy and consumer behavior. According to the data of the Turkish Statistical Institute, in the January-November period of last year 9 million 703 thousand 480The number of transfers increased by 3.6% in the same period this year. 10 million 54 thousand 915reached the number. This increase reveals that there is still a high demand in the automobile market and strengthens the expectation of a year-end sales record for industry representatives.
Particularly in big cities, turnover clearly reveals the dynamics of the market. Here are the provinces showing the highest turnover:
- Istanbul– 152 thousand 534 units.
- Ankara– 81 thousand 514 units.
- Izmir– 37 thousand 17 units.
- Antalya– 27 thousand 690 units.
- Bursa– 25 thousand 354 units.
These figures Difficulty accessing creditand clearly shows how consumer behavior is shaped under economic pressures. MASFEDPresident Erkoç states that despite the difficulty of accessing credit, the demand for automobiles has not decreased. According to him, the automobile is now just a luxuryIt has become an indispensable part of daily life. This reveals that the market continues to meet citizens’ needs even when faced with difficulties.
Predictions in 2025It draws a promising picture in the automotive industry. MASFED is responsible for the total purchase and sale of motor vehicles throughout Türkiye. 10.5 million unitswill happen and new vehicle marketapproximately to 1.5 million unitspredicts that it may rise. However, these also point to some fundamental problems, considering high costs, difficulties in accessing credit and tax pressures.
Erkoç expects interest rates and loan conditions to have a more balanced structure in 2026. According to him, easier access to finance is both second handas well as in the new vehicle marketwill support sustainable growth. This perspective highlights that the market will show a stable performance in the long term.
In summaryWhile current data show that the growth potential in the second-hand vehicle era continues, creditAnd cost pressuresdraws attention to its impact on purchasing behavior. Forecasts for 2025 and 2026 indicate that the market is in a recovery process and can achieve a healthier growth momentum with improved access to finance.
