The report provides a comprehensive analysis of the potential of Used Car industry in Turkey. The report covers an overview and genesis of the industry, market size in terms of number of used cars sold.
Its market segmentations include byType of Market Structure, by Type of Car, by Brand, by Age of vehicle, by kms Driven; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
In past 2 years, the average price of gasoline powered cars have more than doubled and gone up by 120% for diesel vehicles, which are more popular in Turkey.
The Turkish automotive industry had a foreign trade surplus of approximately $9.5 billion in 2021.
In past 2 years, the average price of gasoline powered cars have more than doubled and gone up by 120% for diesel vehicles, which are more popular in Turkey.
The Turkish automotive industry had a foreign trade surplus of approximately $9.5 billion in 2021.
Local dealerships are starting to offer more competitive services like repairs on used cars, leading to an increase in the number of units sold. Such Unorganised Local dealerships are clustered in large numbers on the outskirts of every major city and in urban areas. The participants in the C2C give strong preference to less-aged cars and popular brands with good resale value attracts more consumers.
Value-added services such as vehicle inspection, financing options, insurance, ownership transfer & more is expected to be a focus area for used car dealers to provide a hassle-free experience to the buyers.
Its market segmentations include byType of Market Structure, by Type of Car, by Brand, by Age of vehicle, by kms Driven; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to publisher estimates, due to the impact of COVID-19, there has been a substantial decrease in the denominator (new car sales) while the numerator, i.e. The pre-owned car market, has been relatively stable. The Turkey used car market is expected to grow at a 11.8% CAGR during 2021-2026F, driven by increase in prices of new cars and government initiatives. The Turkish automotive industry had a foreign trade surplus of approximately $9.5 billion in 2021.In past 2 years, the average price of gasoline powered cars have more than doubled and gone up by 120% for diesel vehicles, which are more popular in Turkey.
The Turkish automotive industry had a foreign trade surplus of approximately $9.5 billion in 2021.
Key Trends by Market Segment:
- By Type of Market Structure (Organized and Unorganized Sector)
In past 2 years, the average price of gasoline powered cars have more than doubled and gone up by 120% for diesel vehicles, which are more popular in Turkey.
The Turkish automotive industry had a foreign trade surplus of approximately $9.5 billion in 2021.
Local dealerships are starting to offer more competitive services like repairs on used cars, leading to an increase in the number of units sold. Such Unorganised Local dealerships are clustered in large numbers on the outskirts of every major city and in urban areas. The participants in the C2C give strong preference to less-aged cars and popular brands with good resale value attracts more consumers.
- By Age of Vehicle, 2021
Future Outlook
Dealerships are expected to introduce their own official website/platforms to showcase their used car inventory. Online auto portals are expected to venture into omni-channel experiences & offer varied services such as car subscription.Value-added services such as vehicle inspection, financing options, insurance, ownership transfer & more is expected to be a focus area for used car dealers to provide a hassle-free experience to the buyers.
Additional benefits of purchasing an enterprise license:
- TAM/SAM/SOM Analysis
- Customer Cohort Analysis
- Marketing Initiatives
- White Space Opportunity Analysis
- Interactive Data Visualizations
- Customization: 20 Analyst Hours
- 3 Months Post Sales Analyst Support
- Complimentary Update Next Year
- Custom Webinars
Table of Contents
1. Executive Summary
2. Country Overview of Turkey
3. Turkey Automotive Market Overview
4. Turkey Used Car Market Overview and Genesis
5. Turkey Used Car Market Sizing, 2016-2021
6. Turkey Used Car Market Segmentation
7. Customer Profile of Used Car Market in Turkey
8. Snapshot on Online Classified Used Car Platforms in Turkey
9. Ecosystem of Used Car Auction Players
10. Turkey Used Car Industry Analysis
11. Competition Framework for Turkey Used Car Market
12. Covid-19 Impact on Turkey Used Car Market
13. Outlook and Future Projections for Turkey Used Car Market
14. Case Study Analysis
15. Market Opportunity and Analyst Recommendations
16. Research Methodology
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Borusan Araç
- Autorola Turkey
- ikinciyeni.com
- sahibinden.com
- Arabam.com
- Araba.com
- Vavacar.com
- Toyota
- Ford Motors
- Volkswagen
- Fiat
- Isuzu
- Mercedes
- BMW
- Opel
- Honda
- Peugeot
- Renault