Hüsamettin Yalçın, General Manager of Cardata, said, “We expect the zero kilometer vehicle market to close at a figure above 110 thousand in May. With the highest May sales of all time, the first 5 months of sales will approach nearly half a million units. "There are strong signals that the market will exceed 1 million by the end of the year if there are no supply problems," he said.
Hüsamettin Yalçın, General Manager of Cardata, the leading company of the automotive world in data analysis, said, “We expect the zero kilometer vehicle market to close at a figure above 110 thousand in May. With the highest May sales of all time, the first 5 months of sales will approach nearly half a million units. "There are strong signals that the market will exceed 1 million by the end of the year if there are no supply problems," he said. Hüsamettin Yalçın said that consumers tended to buy in cash, both for zero kilometers and second hand, because credit could not be found, and said, "Those who could not buy real estate also turned to automobiles."
The Turkish automotive market continues to experience the effects of the pandemic and the subsequent chip and logistics crises, with lessening. Although the supply problems, which brands see as the biggest problem, continue, the purchasing appetite in the market makes itself felt strongly. Hüsamettin Yalçın, General Manager of Cardata, the largest data and second-hand pricing company in the automotive industry, said that the Turkish automotive market displayed a high performance in May as well.
In 5 months, the market will approach half a million units
Hüsamettin Yalçın, who said that the zero kilometer vehicle market will reach a sales volume of over 110 thousand units in May, said, “The highest May sales to date was realized in 93 with 904 thousand 2016 units. The average of the Turkish market in May is at the level of 66 thousand units. Therefore, this 110 sales will be the highest May sales of the Turkish automotive industry in all time. Most brands have generally overcome the supply and logistics crisis. With the month of May, the sales for the first 5 months will be very close to half a million units. This makes it quite possible for the Turkish automotive market to close the year with sales of 1 million in total. This year, if the zero kilometer vehicle market is supported by continuous supply, we can say that a market of 1 million or more is waiting for us.”
Pointing out that consumers could not find credit, Hüsamettin Yalçın continued as follows:
“Since no credit could be found, consumers turned to cash purchases for both new and second-hand vehicles. This is a strong statement that the car is now an investment tool. The price increase in a year has reached 90 percent. People go to buy new vehicles because they expect an increase in foreign currency after the election. In addition, those who could not buy real estate turned to automobiles. Second hand is also very lively. As the supply increases, second hand prices also increase. In the first 5-month period, the price increase in zero kilometer vehicle sales was 17 percent and 48 percent in the second hand.