Decline in used car prices: Which brands have seen the biggest price drops?

According to data from the arabam.com Monthly Price Index, a 0.6 percent decrease was recorded in used vehicle listings under 500 thousand liras in December 2024 compared to the previous month.

According to the analysis, the average price level for listings in December was 695 thousand 524 TL.

MOST COMMON BRANDS

The most common brands in the company's listings in December 2024 were as follows:

Fiat, Renault, Ford, Volkswagen, Opel, Hyundai, Peugeot, Toyota, Citroen, and Honda.

The most frequent car models in the listings were:

Clio, Egea, Megane, Astra, Corolla, Focus, Passat, Polo, Civic, and Corsa.

According to company data, it was observed that listings for vehicles under 500 thousand liras have begun to decrease.

DECLINE IN LISTINGS FOR YOUNGER VEHICLES

In December 2024, the share of listings for vehicles up to 500 thousand liras was 36.9 percent, while the share of listings for vehicles in the 500 thousand 1 lira to 1 million lira range was 39.7 percent. Listings for vehicles over 1 million liras accounted for 23.4 percent.

While there was a decrease in the number of listings for younger vehicles, an increase in the share of listings for vehicles aged 10-15 years was notable.

According to company data, the share of listings for vehicles up to 5 years old fell by 1.9 percent in December. On the other hand, the share of listings for vehicles in the 10-15 age group increased by 3.4 percent.

REACHED 30 PERCENT THROUGHOUT THE YEAR

Halil Ali Şenay, Deputy General Manager of Trink sat! and Auto Expertise, whose views were included in the statement, noted that vehicle listings on arabam.com in December 2024 showed a 0.6 percent decrease compared to November 2024, and emphasized that the real decline reached 30 percent throughout the total year.