According to sahibinden.com "Automobile Market Outlook" report

The 'Automobile Market Outlook' report prepared by Bahçeşehir University Economic and Social Research Center (BETAM) with sahibinden.com data has been published.

The 'Automobile Market Outlook' report prepared by Bahçeşehir University Economic and Social Research Center (BETAM) with data from sahibinden.com has been published. According to the report, while there is an increase in automobile demand on an annual basis, the annual negative trend in real prices continues.

According to the report prepared by examining February data, the automobile demand index increased by 5.6 percent compared to the same month of the previous year and decreased by 8.1 percent compared to the previous month. Average real prices decreased by 6.9 percent compared to the same month last year and by 2 percent compared to the previous month. The duration of advertisements for cars for sale decreased by 1.6 days compared to the previous month, decreasing to 21.3 days.

Figure 1: Average car real price (2020 January = 100) (Left panel), annual change of the average car real price (%) (Right panel)

Source: sahibinden.com, Betam

Automobile C class stood out in pricesThe average car price was 753 thousand 500 TL in B class, 1 million 16 thousand TL in C class, 1 million 463 thousand TL in D class and 2 million 436 thousand TL in E class. Looking at the annual price change, there was an increase of 24.7 percent in class B, 26.1 percent in class C, 25.3 percent in class D and 23.9 percent in class E.

Figure 2: Average automobile price by vehicle class (TL) (Left panel), annual change of average automobile price by vehicle class (%) (Right panel)

Source: sahibinden.com, Betam

Change in average automobile prices according to fuel type

When average automobile prices by fuel type are examined according to February data, the average price is 1 million 418 thousand TL for gasoline vehicles, 605 thousand 450 TL for gasoline & LPG vehicles, 1 million 117 thousand TL for diesel vehicles, 2 million 580 thousand TL for hybrid vehicles and 2 million 580 thousand TL for electric vehicles. It amounted to 3 million 833 thousand TL. Looking at the annual change rates, there was an increase of 20.7 percent in gasoline vehicles, 19.2 percent in gasoline & LPG vehicles, 18.7 percent in diesel vehicles, 18.9 percent in hybrid vehicles and 9.1 percent in electric vehicles.

Figure 3: Average automobile price by fuel type (TL) (Left panel), annual change of average automobile price by fuel type (%) (Right panel)

Source: sahibinden.com, Betam

The price increase in 2014-2018 model vehicles came to the fore

In the elderly vehicle group, the average price of 2004–2008 model cars is 489 thousand 614 TL, 2009–2013 model vehicles is 811 thousand 23 TL, and 2014–2018 model vehicles is 1 million 246 thousand TL. happened as. Compared to the same month of the previous year, price changes were 9.3 percent for 2004–2008 model vehicles, 16.1 percent for 2009–2013 model vehicles and 17.2 percent for 2014–2018 model vehicles.

In the young vehicle group, the average price of 2019 model cars is 1 million 419 thousand TL, 2020 model vehicles are 1 million 663 thousand. TL, 2021 model vehicles were recorded as 1 million 675 thousand TL, 2022 model vehicles were recorded as 1 million 785 thousand TL, 2023 model vehicles were recorded as 2 million 54 thousand TL, and 2024 model vehicles were recorded as 2 million 144 thousand TL.Annual change rates were 13.6 percent for 2019 model vehicles, 16.2 percent for 2020 model vehicles, 14.1 percent for 2021 model vehicles, 6.8 percent for 2022 model vehicles, 8.2 percent for 2023 model vehicles and 11.9 percent for 2024 model vehicles.

Figure 4: Average automobile price by age groups (TL) (Left panel), annual change of average automobile price by age groups (%) (Right panel) rel="noopener noreferrer">sahibinden.com, Betam

Increase in annual demand

Automobile demand index decreased by 8.1 percent compared to the previous month and increased by 5.6 percent compared to the same month last year. The number of ads for sale decreased by 1.8 percent and the number of ads sold decreased by 6 percent compared to the previous month. As a result of these developments, the ratio of the number of cars sold to the number of ads for sale decreased by 1 point to 21.3 percent. Satılık otomobillerin ilanda kalma süresi ise bir önceki aya göre 1,6 gün kısalarak 21,3 güne indi.

Şekil 5: Satılan otomobil sayısının satılık otomobil ilan sayısına oranı (%) (Sol panel), satılan ve satılık otomobil sayısı (Sağ panel)

Source: sahibinden.com, Betam
You can access the rest of the report from the document below.

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According to sahibinden.com "Automobile Market Outlook" report: The Decline in Real Prices Continues

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