There were 141 thousand 508 units sold in the Turkish second-hand online passenger and light commercial vehicle market in September, and vehicle prices decreased by 2.59% on a monthly basis. The number of second-hand electric car sales was recorded as 800 last month.
The number of sales in the Turkish second-hand online passenger and light commercial vehicle market increased by approximately 12% in September compared to August, reaching 141 thousand 508, and vehicle prices decreased by 2.59%.
According to the data compiled by the AA reporter from Indicata’s second-hand online market report, in the Turkish second-hand online passenger and light commercial vehicle market, 17 thousand 829 more corporate advertisements were published in September compared to the previous month, and 36 thousand 207 more than September 2022.
37% (141 thousand 508 units) of the vehicles in 378 thousand 274 corporate advertisements published in September were sold. Sales increased by 12% compared to August and 4% compared to the same month last year. In the January-September period of the year, there was a 12% increase in the number of sales compared to the same period in 2022.
According to the analysis made by examining the price changes of 135 thousand 803 advertisements for 253 models of the top 32 best-selling brands in the second-hand online passenger and light commercial vehicle market, retail prices in this market in September decreased by 2.59% compared to the previous month.
800 second-hand electric cars were sold
When evaluated according to engine type, diesel cars had the highest share in the said market last month with sales of 85 thousand 17 units.
Diesel cars were followed by gasoline cars with 49 thousand 152 sales and auto gas cars with 3 thousand 400 sales.
The number of hybrid car sales was 3 thousand 139, and the number of second-hand electric car sales was 800. In September 2022, 525 second-hand electric cars were sold. Thus, there was a 52.38% increase in second-hand electric car sales compared to September last year.
39.1% of passenger cars sold last month were C segment vehicles. Compared to September 2022, the share of sales of F and S segment vehicles in total passenger vehicle sales increased. There was an increase in the sales share of segments A, D and E in September compared to August.
More than 450 thousand second-hand vehicle data is analyzed daily
Indicata, a business intelligence set consisting of the combination of machine learning, artificial intelligence and big data, scans the second-hand online vehicle market in Turkiye and analyzes more than 450 thousand second-hand vehicle data daily.
The sales data in the report is based on the advertisement data placed by more than 40 thousand institutions and organizations engaged in second-hand trade in the online market. These include listing sites such as sahibinden, Arabam, Letgo and VavaCars, as well as corporate second-hand websites, institutions and platforms where high volume sales occur, such as Leaseplan, Intercity and Otokoc.
Data on individual vehicle advertisements are not included in the figures.
Institutions engaged in second-hand trade on the online platform withdraw the advertisements of the vehicles they offer for sale for two reasons. First, it republishes the ad by revising the prices of the vehicles in the ad according to changing market conditions. Indicata also tracks when the announcements in question are published again.
Secondly, the trading institution withdraws the advertisement because it has sold its vehicle and publishes an advertisement for a vehicle that it will offer for sale again. This second group of vehicle advertisements, that is, vehicles that are completely removed from the advertisement, are considered “sales”.
Source: AA / Prepared by Irem Yildiz