Evaluating the agenda in the context of Automotive Summit events, CEO of Toyota Turkey‘Ali Haydar Bozkurt made a remarkable debut. When evaluating the prices of used cars, which are not on Turkey’s agenda, Bozkurt said that the high price environment begin to end told. But are used car prices really falling? Let’s take a closer look at both Bozkurt’s statements and the reality in this statement.

Recognize that there are problems in the automotive industry Ali Haydar BozkurtHe added that solutions should be produced against them. The CEO of Toyota Turkey, who also made statements about the year 2023, said the situation is not very heartwarming, including the elections. everything comes together He said he was going through a process.

The statement from the CEO of Toyota Turkey is as follows:

On the one hand, rising inflation around the world, on the other, energy problems, industrial problems, concerns about contraction in the markets in general, to which the answer must be found as we enter 2023. multiple questions is shows.

We have not yet returned to the level we call the old normals in production. The chip crisis continues. Logistical problems persist. Raw material availability there are problems. All these things are associated with significant cost increases. Finally, there were the energy problems and the rise in energy prices.

Sales figures so far availabilty determined. Many models had standby times of up to 5-6 months. As we approach the final quarter of the year, the market will again determine how many vehicles of which model and brand can be found. In addition, there is a decrease in the number of potential customers that new cars can reach for two main reasons. to slow down is seen. The main reason for the slowdown is the gradual decline in the customer potential that brand new cars can reach at current price levels. The second reason is: get credit experiencing problems. Currently, both loan interest rates and loan rejection rates are very high. We expect the market, last year to be 770 thousand, this year to be around 750 thousand.

If we look at the developments in the world, we see that the war between Russia and Ukraine continues. on the one hand energy costs We see it increasing. We see that this will certainly be reflected in the prices of currency-based products. These are worrying developments. Euro-TL exchange rate affects the Turkish market. It is of great importance whether or not the basic scheme is made. Currently almost all vehicles more than 80 percent is taxed. It is important whether another measure is taken with regard to access to credit. On the other hand, there are elections in 2023. The economic environment before and after the elections will also determine the size of the market. If we look at the whole picture, Thank you for this year too It looks like we’re going into 2023 in a way we can say.

Due to the problems with the delivery of new vehicles in the last two years, second vehicles have earned many bounties. Because at the moment mobility is a necessity, not a luxury. What has happened in the second-hand market in the past year and a half? that the unusually high price environment is slowly over We observe…

But are used car prices really falling?

Industry sources make statements from time to time about the fall in used car prices. However, if we look at the rational data, it is very didn’t happen We see. For example; In a news we shared with you recently, how the claim of falling used car prices shook the agenda and these ‘drops’ weren’t seen often, especially on used sale sites. we talked about.