03.06.2024 16:00
It was stated that the halt in the sales of second-hand vehicles at Izmir Otokent before the Sacrifice Feast was attributed to the increase in interest rates by car dealers. The lack of activity at Otokent and the maintenance of vehicles in full shops drew attention. Auto dealers who rebelled against the situation attributed the halt in sales to bank loan interest rates.
In Izmir, although the prices of used cars have dropped before the Eid al-Adha, car dealers are literally fishing. It is observed that there is no movement and a holiday-like atmosphere in Izmir Otokent, even though it is a weekday, and the gallery owners attribute the cessation of sales to the increase in interest rates.
As the Eid al-Adha approaches, the sales of used cars in Izmir Otokent have been cut like a knife. It was remarkable that there was no one and no movement in Otokent, which is visited by thousands of people every day. While a Sunday-like view was formed in Otokent, even though it was a weekday, the gallery owners, who celebrated the sales before and after the pandemic, are currently literally fishing.
THE DAY OF THE BUSINESS OWNERS IS SPENT BY BUYING EACH OTHER TEA
In the empty shops full of cars, the maintenance of the vehicles is done, and the day of the business owners is spent by buying each other tea. The business owners of Izmir Otokent attributed the cessation of sales to bank loan interest rates.
Seyhat Kaysal, a business owner from Izmir Otokent, said, "We cannot sell even second-hand cars because the loans are high. Can a person who deposits 1 million TL to the bank today get an income of 40-50 thousand TL? No. Is there a guarantee that I will sell a car tomorrow? No; but there is a guarantee for the bank's interest. The arrival of Eid al-Adha also has no meaning anymore. This business is no longer seasonal. We have reduced the prices now. We reduced the car worth 3.5 million to 3 million 350 thousand TL, but still no one is interested. A company reduced the price of a car worth 1 million 280 thousand TL to 1 million 100 thousand TL, but still no one is calling," he said.
"I WAS AMAZED, WE COULDN'T FIND A CAR"
Osman Daşçı, who said that he came to look for a car, said that he could not believe the view. Daşçı stated that the prices are high for him and said, "If you borrow 100 TL, you will pay 200 TL. Currently, only those who have money are buying, and they are turning to new cars, the second-hand market is stagnant in Otokent. There is neither incoming nor outgoing. The conditions are very difficult now. I am amazed because 8-10 years ago when we came here, we couldn't find a car. The cars that I am looking at according to my budget are very expensive at the moment," he said.