While the repercussions of the fund crisis, which affected hundreds of thousands of investors in Türkiye, on the automotive industry are discussed, the latest situation in the second-hand vehicle market is also wondered. Istanbul Motor Vehicle Dealers Association (İMAS) President Hayrettin Erkaynak, in his evaluation in the A Haber live broadcast, stated that the fund crisis did not have a significant effect on vehicle prices and sales. Er Temel evaluated the current level of second-hand car prices as a purchasing opportunity for consumers.
Evaluating the impact of the fund crisis on the automotive industry, Erkaynak stated that the development was felt to a limited extent in the sector, but did not cause a significant change in sales and prices.
Er Temel said, "In fact, we can say that the funding crisis has made its impact felt to some extent in the automotive industry, as in all sectors. Of course, this is not a situation that affects our sales or our prices very much. I would like to specifically point out that there was a funding crisis here and vehicle prices fell, or does it have any impact? In this sense, we cannot say that it has much of an impact."
Stating that sales in the automotive industry continue in their normal course, Erkaynak said, "Our sales continue normally, as the end of the year comes. Campaigns continue. We can say that our sector continues in a normal, routine manner."
Making evaluations regarding the prices of second-hand and new automobiles, Erkaynak said that there has been no significant price increase in the last two years.
Er Temel said, "Our prices have been following a very stable, horizontal course for two years. Our prices, whether second-hand or new, have not increased much."
Stating that as the end of the year approaches, distributors and dealers organize campaigns to reach their sales targets, Erkaynak said, "Of course, the end of the year is coming. As you know, when the end of the year comes, various campaigns are organized for both distributors and dealers to reach their sales targets. These campaigns are still continuing until the end of the year."
In his evaluation of consumers considering buying a second-hand car, Erkaynak argued that current prices are at affordable levels.
"Apart from this, of course, we can say that our second-hand prices are now completely affordable and affordable. In fact, I attach particular importance to saying that it is beneficial for the end consumer to turn this into an opportunity," Er Temel said.
Er Temel stated that they predict that new car sales in 2026 may remain below last year. Reminding that last year's sales of new vehicles were at the level of 1 million 450 thousand, Erkaynak said that they expect the market to close around 1 million 250 thousand and 1 million 300 thousand units this year.
Er Temel said, "Last year, our number of new vehicles was in the range of 1 million 450 thousand. This year it may be 10 percent, maybe even lower. We estimate that the market will close at around 1 million 250, 1 million 300 thousand."
Stating that they expect a contraction in the second-hand car market, Erkaynak said, "Our second-hand sales figures were around 9 million. There will be a contraction of perhaps 10 percent there as well. We anticipate that we will close the year with these sales figures."
Stating that one of the important problems facing the automotive industry is high interest rates, Erkaynak said that the change in credit costs may be reflected in vehicle sales.
Er Temel said, "Of course, the important thing here is that the most important problem affecting our sector is that the interest rates are a little high. But with the interest rate decision announced yesterday, it was reduced slightly. We can say that the interest rate decision is one of the most important factors that will affect our sector in the coming period."
Stating that automobile sales may be positively affected if interest rates continue to decrease, Erkaynak said, "If interest rates begin to decrease in the coming period, we expect the sales figures in our sector to reach the targeted figures for this year's business."
Er Temel said that among the factors affecting automobile sales are the limits imposed by the Banking Regulation and Supervision Agency (BDDK). Stating that they want an update on these limits, Erkaynak said, "Also, BRSA actually has a limit that affects automotive sales. We also request an update on those limits. If that happens, our numbers can reach the figures we hope for."
