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Turkey’s Used Car Market Stays Hot as Real Prices Keep Falling for 22 Consecutive Months

Auto Sales

A new report by BETAM (Bahçeşehir University Center for Economic and Social Research), based on listings from sahibinden.com, shows that demand for secondhand cars in Turkey is surging, even as real prices have been falling for 22 consecutive months.

The April 2025 edition of the “Used Car Market Outlook” highlights a complex picture of booming consumer interest amid ongoing price corrections, offering both opportunities and risks for buyers and sellers alike.

Demand Continues to Climb

  • The used car demand index rose:

    • 12.4% compared to March 2025

    • 34.5% compared to April 2024

  • The ratio of cars sold to cars listed increased by 1.1 points, reaching 22.4%, signaling strong market activity.

  • Listing activity also rose:

    • Listings: +4.2% (reaching over 1.04 million)

    • Cars sold: +9.7% (234,027 vehicles sold)

Real Prices Keep Dropping

  • The average real car price index dropped by 3.2% month-over-month, reaching 142.5 (base: Jan 2020 = 100).

  • Year-over-year, real prices were 20.8% lower in April.

  • At their peak in May 2023, real car prices had seen a 47.9% annual rise — a stark contrast to today’s trajectory.

Nominal Prices Show Modest Monthly Decline

While real prices fell, nominal prices remained relatively stable:

  • March 2025: ₺950,515

  • April 2025: ₺947,790

  • Year-over-year, average nominal prices rose 9.2%

Price Trends by Car Class

Compared to March 2025, prices increased slightly in all car classes except E-Class. Year-over-year gains were observed across the board:

  • B-Class: ₺613,226 (+9.2%)

  • C-Class: ₺821,624 (+10%)

  • D-Class: ₺1,184,000 (+9.1%)

  • E-Class: ₺1,971,000 (+8.1%)

Fuel Type Analysis

April price changes by fuel type:

  • Gasoline: ₺1,186,000 ↑

  • Gasoline & LPG: ₺509,012 ↑

  • Diesel: ₺946,183 ↑

  • Hybrid: ₺2,176,000 ↑

  • Electric: ₺3,148,000 ↓ (only category with a decline)

Demand and Supply Rise in Tandem

After dipping post-November 2024, the demand index is once again climbing. The simultaneous increase in both listings and sales shows that market liquidity remains high, even as inflation-adjusted affordability improves.

With real prices continuing to decline and demand rebounding, Turkey’s used car market appears to be at a critical intersection of consumer optimism and macroeconomic adjustment.

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