Average Price in the Second-Hand Car Market is 1,311,000 TL.

Current Situation in the Second-Hand Automotive Market

Sahibinden.com published the 'Automobile Market Outlook' report for September 2023 prepared by the Bahçeşehir University Center for Economic and Social Research (BETAM). According to the report, the average price of second-hand cars was set at 1,311,000 TL.

Change in Automobile Prices

In September, real prices in the automobile market decreased by 9.8 percent compared to the same period last year. However, the automobile demand index increased by 3.9 percent compared to the same month last year. This situation highlights the volatility of market dynamics.

Price of Different Fuel Types

The average prices for different fuel types in September are as follows:

• Gasoline Cars: 1,311,000 TL
• Gasoline & LPG: 562,113 TL
• Diesel Cars: 1,041,000 TL
• Hybrid Cars: 2,420,000 TL
• Electric Cars: 3,740,000 TL

Price Analysis by Model Age Groups

The average prices of cars by age groups are as follows:

• 2004-2008 Models: 465,530 TL
• 2009-2013 Models: 753,724 TL
• 2014-2018 Models: 1,184,000 TL

Market Processes and Demand Index

Compared to the previous month, the time that cars for sale remained on the market decreased by 0.7 days, dropping to 19.1 days. Additionally, it was observed that the automobile demand index increased by 3.9 percent compared to the same period last year.