Second Hand Vehicle Market Up 8.6 Percent

3The number of 5 million 714 second hand vehicles changed owners in the first 11 months of 2014, according to the data from Automotive Distributors’ Association

The second hand automotive market increased 8.6 percent to over 5 million in the first 11 months last year in Turkey.

In 2014, the automotive market directed to the second hand market regarding increase in both foreign currencies and special excise tax. The most active month was last September in the second hand automotive market. In Turkey, the number of 5 million 714 second hand vehicles changed their owners in the first 11 months last year, according to the data from Automotive Distributors’ Association. Automobile and commercial vehicle market increased 9.7 percent to 4 million 583 thousand 528 units. Automobile market ranked atop with 75.2 percent and 3 million 445 thousand 606 units, small trucks followed the automobile market with 17.7 percent and 813 thousand 233 units.

Last year, 149 thousand trucks, 124 thousand minibuses, 47 thousand buses, 255 thousand motorcycles, 162 thousand tractors were sold in the second hand market. Last September was the most dynamic month in the second hand automobile and commercial vehicle market with 476 thousand vehicles.