The Turkey used car market is projected to exceed $150Bn by 2026F owing to increase in price of new cars and government initiatives: Ken Research


Ken Research

This report covers Adana Used Car Market, Ankara Used Car Market, BMW Used Car Sales in Turkey, Bursa Used Car Market, Car Sharing Platform in Turkey, Competitors in Turkish Used Car Market, Fiat Turkish Used Car Market Share, Used Car Market It covers growth. Turkish car market, Istanbul used car market, Isuzu Turkey online used car earnings, Turkish used car industry major players, used car industry key players, local dealer used car turkey, Turkish used car market major number of used cars sold in Turkey, number of used cars sold in Turkey, number of used cars sold in Turkey, number of used cars sold in Turkey, number of used cars sold in Turkey, number of used cars sold in Turkey , OEM Certified Franchise Dealer in Used Car Industry, Online Used Car Classification in Turkey,Online Used Car Dealer in Turkey,Online Used Car Portal Turkey.

Gurugram, India, January 20, 2023 (GLOBE NEWSWIRE) — Turkish Used Car Auction Market Moderately fragmented with multiple dealers (both organized and unorganized) operating in the industry. The majority of used vehicles are sourced from car rental/leasing companies and auctions. Direct purchases from consumers or individual sellers are another major source.

  • Turkey operates in a market where demand for used cars exceeds supply, limiting the availability of new cars, requiring leasing companies to extend contracts and dealers offering new cars to retail customers. It seems that this situation will not change in the future as the lead time affects .

  • Turkey’s online used car trading platforms are investing more and more in both online and brick-and-mortar stores, but COVID-19 has been a major boosting factor boosting the online used car market.

  • Vehicles with an average mileage of 81,000 to 100,000 Km are expected to dominate the industry in the future. Consumers prefer good condition along with mileage, making it an important factor in used car sales.

  • Not only are sedans and hatchbacks continuing to dominate the industry and being the vehicle of choice among large urban families, multi-brand authorized dealers are likely to expand their network to different regions across Turkey. It is also an urban area.

  • In Turkey, Istanbul is the fastest growing regional market. This is due to the increasing demand for affordable used cars in good condition at low prices, the increasing penetration of digital advertising, the increasing penetration of the Internet that enables access to used car information, and the propensity of customers towards used cars. .

Increased demand for new technology: Leveraging technologies such as artificial intelligence and virtual reality to provide a 360-degree view of the interior and exterior of a vehicle, estimate the price of a vehicle online via uploaded imagery, and analyze consumer behavioral insights and interest improve the consumer’s digital experience, such as displaying relevant advertisements based on By offering a multitude of options and a focus on the user’s browsing experience, vertical platforms offer new ways for buyers and sellers to interact online and make purchasing decisions easier.

Government initiatives to regulate the second-hand car market in Turkey: Restrictions on soaring prices of used cars. According to regulations, unlicensed used car dealers must obtain an authorization certificate valid for five years. The sale of more than 3 vehicles in a calendar year is considered commercial activity and unofficial activity is subject to sanctions. The responsibility of providing information and complying with regulations also rests with the vehicle’s old owner.

Partnerships and collaborations for future growth: Branded/direct sales agents and large multi-brand outlets can partner with nationally operated taxi aggregators such as Uber and Careem. Dealers can work with mid-sized businesses and businesses to offer additional discounts to people in that age group. If you purchased a car using a company referral. This collaboration will enable dealers to generate more leads through the company, which could ultimately lead to higher conversion rates and increased used car sales.

Analyst Ken Research in their latest publication Turkish used car market outlook till 2026FDriven by Rising New Car Prices, Government Initiatives and Proliferation of Used Car Online PlatformsAccording to Ken Research, Turkey’s used car market is in the process of recovering from the post-pandemic economic crisis. Government policies and rising demand in the used car industry, increasing disposable income, and growing number of online platforms for used cars are expected to contribute to the growth of the market during the forecast period. The market is expected to grow at a CAGR of 11.8% from 2021 to 2026, owing to rising new car prices, rising demand for used cars, and government initiatives.

Major segments covered in the report:-
Turkish used car market
By type of market structure

To car type

  • sedan

  • hatchback

  • SUV

  • Van

  • crossover

  • others

To brand

  • Volkswagen

  • Renault

  • ford

  • fiat

  • opel

  • hyundai

  • others

For more information on this report, Download a free sample report

To vehicle age

  • 0-2 years old

  • 2-4 years

  • 4-6 years

  • 6-8 years old

  • 8-10 years

  • 10+ years

To mileage

  • 0 to 40,000

  • 41,000 to 80,000

  • 81,000 to 1,00,000

  • 1,00,000-1,40,000

  • 1,20,000-1,80,000

By region

  • istanbul

  • Bursa

  • Adana

  • Ankara

  • others

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Main Target Audience:-

  • Used car dealer

  • Manufacturer and distributor of used car equipment

  • automatic portal

  • online dealer

  • car showroom

  • unauthorized dealer

  • Market research and consulting firm

  • Car company

  • car manufacturing company

  • Japan Tourism Agency

  • Government agencies and regulators

Duration recorded in the report:-

Target companies: –
leading company

  • Borusun vehicle

  • Autorolla Turkey

  • ikinciyeni.com

  • sahibinden.com

  • alabama.com

  • araba.com

  • Vavacar.com

major OEMs

  • Toyota

  • ford motors

  • Volkswagen

  • fiat

  • Isuzu

  • mercedes

  • BMW

  • opel

  • Honda

  • peugeot

  • Renault

Key topics covered in the report:-

  • An overview of the Turkish car market

  • Overview of the used car market in Turkey and its history

  • Turkish Used Car Market Ecosystem

  • Overview and history of the used car market in Turkey

  • Step-by-step sales process for used cars in Turkey

  • Value chain analysis of Turkish used car market

  • Procurement of used cars for dealers and lead generation in the Turkish used car market

  • Turkish used car market size, 2016-2021

  • Customer Profiles of the Turkish Used Car Market

  • Customer Issues in the Used Car Industry

  • Customer decision parameters before choosing a used car

  • Key Factors and Pricing Factors Influencing Used Car Purchasing Decisions

  • Consumer analysis results for the Turkish used car market

  • A Snapshot of Turkey’s Online Classified Used Car Platform

  • Inter-Comparison of Major Used Car Auction Players

  • Turkey Used Car Industry Analysis

  • SWOT Analysis of Turkish Used Car Market

  • Trends and Recent Developments in the Turkish Used Car Market

  • Issues and challenges in the Turkish used car market

  • Flow of used car sales in Turkey

  • Government Initiative to Regulate Turkey’s Used Car Market

  • Inter-Comparison of Key Players in the Turkish Used Car Market

  • Impact of Covid-19 on the Turkish Used Car Market

  • Turkish used car market outlook and future forecast

  • Market opportunities and analyst recommendations

  • Competitive Framework of the Turkish Used Car Market

  • Market share of used car providers in the Turkish used car market

  • Turkish Used Car Market Future Outlook, 2021-2026F

  • Market opportunities and analyst recommendations

  • research method

For more information on market intelligence, please refer to the links below.:-
Turkish used car market

Related report by Ken Research:-

Saudi Arabia Used Car Market Outlook to 2026F – Driven by Booming Online Platforms and Increasing Internet and Smartphone Penetration

The used car industry is expected to recover from the Covid-19 pandemic and grow by 2026. Increasing demand, especially from smaller cities such as Jazan, Allah, etc., is expected to boost the growth of the industry. Growing traction for online platforms is expected to force dealers to expand their online presence. Online platforms are expected to take advantage of modern technologies such as artificial intelligence and virtual reality to enhance the user’s browsing experience. The ratio of used car sales to new car sales in Japan is also expected to improve in the future.

French used car market outlook to 2027 – segmentation by market structure (organized and unorganized market); by type of used car (MPV / sedan, economy / hatchback, SUV); by brand ( Renault, Peugeot, Citroen, etc.)

The French used car market was valued at ~USD 1 billion in 2021 and is expected to reach a value of ~USD 1 billion by 2027, growing at a CAGR of ~% during the forecast period (2022-2027). Record. Demand for used cars has halted his sales in the first half of 2020 amid lockdowns associated with the COVID-19 pandemic. However, since late 2020, the demand for used cars has started to pick up pace. It lasted until 2021. Prolonged waiting period for new vehicles will encourage a large number of customers across the country to opt for used vehicles, which is likely to drive the growth of the market during the forecast period.

SEA Used Car Market Outlook to 2026F: Covid-19 Driven to Change User Preference for Private Cars and Increased Adoption of Online Used Car Platforms

The used car industry in SEA is expected to grow in the future at a double-digit CAGR over the forecast period from 2021 to 2026F. The industry is expected to establish strong demand as private vehicles are preferred over public transport in the aftermath of the pandemic. As internet and smartphone penetration increases in Southeast Asian countries, more consumers will prefer to buy and sell cars through online used car platforms. years to come.

Australian used car market outlook to 2026F – due to consumer migration to online platforms and new car supply chain challenges as vehicle upgrade trend increases

The Australian used car market has grown at a steady rate of growth over the past few years, fueled by a growing population in the country and an increasing tendency to upgrade cars within a year or two. The growth of the trading market, which offers buyers a one-stop-he solution and connects dealers, finance and insurance companies, is also driving the Australian used car market. The Australian used car market is a moderately fragmented market with Toyota, Fjord and Holden being market leaders due to their high market share based on the number of used cars sold. It is followed by other used car brands such as Mazda, Mitsubishi, Nissan and Hyundai.

Egypt Used Car Market Outlook to 2026 – Driven by Changes in Consumer Demand, Along with Growth of Online Used Car Platforms and Availability of Financing Options

Over the forecast period 2022-2026F, the used car market revenue in Egypt is expected to further increase, exhibiting a CAGR of 15.3%. The volume of used car sales is expected to double during this period, with prices rising slightly. More players and manufacturers are expected to enter the used car market, with the unorganized sector still dominating. Rise of millennials, digital transformation, and collaboration among players along with increasing demand for used cars will drive the used car market in Egypt.

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Ken Research Private Limited
Ankur Gupta, Director of Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

CONTACT: Contact Us:- Ken Research Private Limited Ankur Gupta, Director Strategy and Growth Ankur@kenresearch.com +91-9015378249


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