Is the Second Hand Car Era Ending?
Recent reports reveal that the second-hand market has suffered a serious wound and citizens are turning more towards zero vehicles. So why is this happening?
The activity in the automotive sector continues at full speed. Recent reports reveal that the second-hand market has suffered a serious wound and citizens are turning more towards zero vehicles. So, what is the main reason for this decline in the second-hand market?
Campaigns and Credit Opportunity in Zero Cars Negatively Affected the Second-Hand Market
According to the report of Hürriyet, the used car market shrank by 25 percent in June compared to the same period of the previous year and declined to 485 thousand units. In fact, it was pointed out that this was the lowest June performance in the second-hand market in the last five years.
According to reliable sources in the sector, the main reason behind this critical decline in second-hand sales is that citizens are turning more towards new cars. To explain this a little more; the campaigns and credit opportunities offered by automotive companies to increase sales are among the main factors that trigger this situation.
So, when will this situation change? Although there is no definitive answer to this question yet, experts predict that the attractive campaigns and discounts on new cars will continue unabated for the rest of this year and the decline in second-hand sales will continue.
