29.10.2025 13:31
Following the sharp decline in gold prices, investors have turned their attention to the automotive market. In the past week, demand for both new and used vehicles has increased, and industry representatives indicate that purchases are accelerating ahead of the expected price hikes in 2026.
After the sharp decline in gold prices, investors have turned their attention to the automobile market. In the past week, demand for both new and second-hand vehicles has increased, and industry representatives have pointed out the buying opportunity before the expected price hikes in 2026.
SHARP DECLINE IN GOLD
Gold has rapidly declined from record levels in recent weeks, causing anxious days for its investors. Two weeks ago, gold reached a level of $4,381 per ounce, but as of yesterday, it has fallen below $3,900. This drop has also led to the price of gram gold decreasing from 6,000 TL to 5,250 TL. The sudden fluctuation has directed short-term investors towards alternative areas.
INVESTORS TURNING TO CARS
Following the sharp pullback in gold, a significant portion of investors has turned to the automobile market. Industry representatives state that there has been intense interest in 2024 model lightly used vehicles and new cars, especially in the past week. As the year-end approaches, the zero-interest, trade-in support, and discount campaigns organized by brands are also supporting this demand.
"PHONES ARE RINGING NON-STOP"
Speaking to Türkiye Gazetesi, car dealer Yaşar Örnek in Istanbul noted that their phones have not stopped ringing since the drop in gold prices, stating, "As soon as gold started to fall, investors began to look for alternatives. Citizens withdrawing their savings from gold are turning to an asset that will preserve its value. There has been significant demand for 2024 model lightly used vehicles in the past week. If this interest continues, prices may also start to rise."
BUYING ACCELERATED BEFORE 2026 PRICE HIKES
Experts predict that due to exchange rates, production costs, and green transformation policies, car prices will rise again by 2026. This expectation has led investors to see today's price levels as a "period of opportunity." There is a noticeable increase in demand, especially for mid-range sedan and SUV models. While new car campaigns are also energizing the second-hand market, it is anticipated that the overall sector will remain vibrant until the end of the year.