Interest Rate Cuts and Slowdown in the Second-Hand Market

The interest rate cut implemented in March stimulated consumer demand by facilitating access to vehicle loans. This boosted activity in the used car market. However, a short-term slowdown was observed in June with the effect of the holiday season. These fluctuations reshaped the dynamics of the market.

In July, the update of SCT base limits and rates opened the door to significant changes in the sector. These updates provided price stabilization, especially in second-hand vehicle purchases. Consumers encountered a wider range of products and opportunities with the new SCT regulations.

Another decisive factor in terms of market dynamics was the interest rate cut realized by the Central Bank in September. This step had a positive impact on the young population and first-time car buyers in particular by lowering credit costs. The reduction in the cost of borrowing for those who want to buy a car led to an explosion in demand.

In this process, the most demanded vehicle types and price levels vary according to market data analysis. In the second-hand market, it is observed that interest in vehicles manufactured in 2010 and later has increased, with newer and lower mileage vehicles becoming the preferred choice. Consumers state that they are looking for a safe and healthy investment as well as a price advantage.

In conclusion, the interaction between financial markets and consumer behavior is making used vehicle dynamics more and more complex. The relevant regulations and the course of interest rates are among the factors that should be carefully monitored for sector players and buyers. These developments in the used vehicle market directly affect purchase decisions and shape the needs and expectations of consumers.