Some restrictions will be introduced for car sales to arrest the increase in car prices, Trade Minister Mehmet Mu\u015f has said, noting the respective regulation is ready.<\/p>\n\n\n\n
Under the new regulation, companies, car rental firms, and car dealers will have to wait for a period of time to sell new cars they have bought, he added.<\/p>\n\n\n\n
\u201cThose entities are the main buyers of new cars. The new regulation will require that companies, car rental companies and dealers will be allowed to sell a new car only after it has covered 6,000 kilometers or six months after the newly bought car was first registered,\u201d Mu\u015f explained.<\/p>\n\n\n\n
Some cars are put up for sale as \u201csecond-hand cars,\u201d immediately after they were purchased but this should be prevented, the minister said, noting that this kind of trade pushes up the prices.<\/p>\n\n\n\n
Once the new regulation takes effect, consumers will have easier access to new cars, according to Mu\u015f.<\/p>\n\n\n\n
The Competition Board is looking into whether some companies engage in price collusion, the minister said.<\/p>\n\n\n\n
The Competition Authority recently launched a probe into four online second-hand car trading platforms to investigate whether they hinder competition.<\/p>\n\n\n\n
The new move on car sales will help prevent profiteering,commented Altu\u011f Erci\u015f, head of the Authorized Automotive Dealers Association (OYDER).<\/p>\n\n\n\n
\u201cWe fully support this decision, which is designed to curb the rise in prices in second-hand cars and increase the availability of cars in the market,\u201d he added.<\/p>\n\n\n\n
In July, passenger car sales grew 13 percent year-on-year to 41,000 units, according to the latest data from the Automotive Distributors\u2019 Association (ODD).<\/p>\n\n\n\n
The passenger car market, however, contracted 7.9 percent during the first seven months of the year as sales stood at 319,000 units.<\/p>\n\n\n\n
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