31.07.2025 20:11
The Central Bank's decision to lower the policy interest rate by 300 basis points has created activity in the second-hand automotive sector. Dealer Ahmet Yurtlu noted that there has been an increase of about 10-15% in prices and urged buyers to be cautious. He warned that prices would rise due to changes in the Special Consumption Tax (ÖTV) in August and called on buyers to act quickly.
After the Central Bank's Monetary Policy Committee reduced the policy interest rate by 300 basis points to 43%, activity began in the second-hand automotive sector. The Central Bank's decision to lower the policy interest rate by 300 basis points to 43% has brought movement to the stagnant second-hand car market. While prices in the sector have increased by 10-15%, dealers indicate that this increase will continue with new hikes due to the Special Consumption Tax (ÖTV) in August. Dealer Ahmet Yurtlu called on those considering buying a vehicle, saying, "Prices have stabilized for now, but this won't last long. Opportunities should be evaluated before the August lists change."
INTEREST RATE CUT CREATED VITALITY IN THE SECOND-HAND MARKET
Dealer Ahmet Yurtlu expressed their satisfaction with the decision, stating, "The interest rate cut has created vitality in the second-hand automotive sector. There was a significant movement following this news. Although the demand is not as high as before, people's expectations have been met. For the last 1.5 years, the automotive market had been below inflation. There had been a lot of increases before that. Currently, prices have stabilized. People have postponed purchases because accessing money is difficult. This caused a stagnation. The realization of the interest rate cut did not go as we expected. The interest rate cuts need to continue," he said.
SECOND-HAND PRICES WILL INCREASE IN AUGUST
Yurtlu stated, "Meanwhile, there has been a movement in prices of about 10-15%. We believe this should be turned into an opportunity. Because there will be changes in the ÖTV after August. This increase will also reflect on the second-hand market. We advise those who want to buy a vehicle in the short term to make the right assessment and act quickly before the new list prices are determined. Because our August list prices will change."