Latest Situation in Second Hand Car Market
The second-hand car market is of great importance to many buyers and sellers with the changes that have occurred recently. While holiday periods are among the expected periods of activity in this market, the expected liveliness has not yet occurred as of this year. The difficulties that buyers and sellers face in the second-hand car market, which is set up every week in the Sorgun district of Yozgat, are striking.
Sellers' Expectations and Reality
Sellers who have been displaying their vehicles since early morning in the market area state that buyers generally only ask for prices. However, it is observed that sales are not at the expected level. Sellers complain that although there has not been an excessive increase in prices, buyers' demand remains low. This situation is closely related to the uncertainty of the second-hand car market and the restrictions on buyers' budgets.
Buyers' Demands and Price Concerns
Buyers, on the other hand, have difficulty finding vehicles that fit their budgets. Many people are looking for affordable vehicles in particular. Mecnun Kaya, who came to the market from Yozgat center, expressed the expectations of buyers by saying, “I am thinking of selling my car for 330 thousand liras. I hoped that it would open up after the holiday.” Most buyers complain about encountering high prices and not being able to find suitable vehicles. This situation stands out as one of the most important reasons for the stagnation in the second-hand market.
Increase in Online Vehicle Sales
The increase in vehicle sales made over the internet in recent years has caused a decrease in interest in physical markets. While buyers encounter wider options on online platforms, this situation negatively affects the activity of physical markets. Sellers consider the increase in sales made over the internet as an important reason for the stagnation in the market.
Reasons for Market Stagnation
- Price Drop: Although sellers say prices are not high, buyers' demand remains low.
- Internet Competition: The advantages offered by online platforms reduce the interest in physical markets.
- Budget Constraints: Most buyers have a hard time finding a vehicle that fits their budget.
Sellers' Hopes
Sellers are hoping for demand to increase in the coming weeks. It is thought that people's needs will increase especially after the holiday. Fuat Akdağ summarizes the current situation of the market by saying, "We thought that the car trade would accelerate after Ramadan, but it did not happen as we wanted. There is a very rapid decline and stagnation in the market right now."
Looking for an Affordable Vehicle
Buyers are waiting for affordable vehicles to enter the market. Mustafa Özdemir, who came from Sorgun Aşağıcumafakılı village, says, “I have a 93 model Toros car, I have been using it for 15 years. I came here thinking I could find a car for 100 thousand liras or 150 thousand liras more, but the market is quite stagnant.” These statements clearly reveal the price expectations of buyers and the current situation.
Future Prospects
Whether this stagnation in the used car market will change in the coming weeks remains uncertain. However, there are still glimmers of hope for both sellers and buyers. While sellers are waiting for demand to increase and prices to stabilize, buyers are hoping for affordable vehicles to enter the market. This will play a significant role in future car purchases.
These developments in the second-hand car market create a remarkable situation for all actors in the sector. Both buyers and sellers aim to have a healthier shopping process by taking the dynamics of the market into account.
