Minister of Industry and Technology Mustafa Varankmade a remarkable statement during the opening ceremony of the VavaCars Expertise and Renovation Center, where it was present today. Varak said such initiatives would make a significant contribution to the industry and also said that VavaCars will create serious employment opportunities by investing nearly $200 million in the coming period.

On the other hand, Varank’s remarkable statement was what he said about the used car industry in Turkey. Varank states that the car industry in Turkey is developing rapidly and at the same time follows the trends in the world closely He noted that Turkey’s second-hand market is one of the largest markets in Europe, he said. Varank’s explanation was as follows:

Turkey is one of the largest second-hand markets in Europe

“Turkey has the capacity to produce 2 million vehicles per year. We are a very serious manufacturer which can export more than 30 billion dollars. Although new vehicle sales are around 700-800 thousand, about 6 million cars on the used market; 9 million vehicles are bought and sold when you add commercial vehicles, construction equipment and tractors. One of the largest markets in Europe. In such a large and dynamic market, second-hand sales have an important place in the economy.”

So why?

The demand for second cars is driven by the inability to find new cars or the inability to find new cars, as consumers are experiencing during the COVID-19 era. inability to access a new car cases increase. Therefore, the increase in demand for the second-hand market has a negative meaning at some point. increase in Turkey. with new car prices As this demand continues to increase dramatically, cars on the roads continue to age.