The used car market in 2023! Vehicles aged 10-15 years were the most listed

arabam.com evaluated the used car listing data and price movements for 2023.

According to the arabam.com monthly price index, which is based on listing prices, prices decreased by 2% in December. However, used car prices recorded a 65% increase in total for the year 2023.

Based on the evaluation made according to the vehicle listings shared on the online platform, arabam.com CEO Arda Ayvaz stated, "Although a decline in car prices was observed in the second half of the year, when we look at the year as a whole, a price increase above the exchange rate rise occurred in both used and new cars." Ayvaz also noted that vehicles in the 10-15 age range were the most observed in listings in 2023 and that there was a 9% increase in listings for vehicles with over 300,000 km.

According to arabam.com's data, the notable trends in the used car market in 2023 were listed as follows:

CARS ACCOUNTED FOR 71 PERCENT

Following cars, light commercial vehicles were the most observed in the listings. While cars accounted for 71% of the listings, they were followed by light commercial vehicles, off-road vehicles, commercial vehicles, and motorcycles, respectively. Listings such as tractors and agricultural machinery accounted for a 1% portion.

The Fiat brand was the most featured brand in the listings. Fiat, Renault, Volkswagen, Ford, Opel, Hyundai, Peugeot, Toyota, Honda, and Citroen brands stood out, respectively. When looking at the listings on a model basis, the most listed car models were Clio, Astra, Megane, Focus, Egea, Corolla, Passat, and Civic, respectively.

In the off-road/SUV/Pick-up category, the leader was the Nissan Qashqai model. The Qashqai model was followed by Dacia Duster, Kia Sportage, Volkswagen Tiguan, Hyundai Tucson, Peugeot 3008, Nissan Juke, Peugeot 2008, Mitsubishi L200, and Chevrolet Captiva, respectively.

LISTINGS FOR VEHICLES WITH 300 THOUSAND KM AND ABOVE INCREASED BY 9 PERCENT

27.8% of the listings were for vehicles in the 10-15 age range, which was the most common. While those in the 6-9 age range took second place with 22.3%, those up to 5 years old took third place with 18.7%. Listings for vehicles with 300,000 km and above increased by 9% compared to 2022.

The highest share among the listings belonged to vehicles up to 500,000 TL with 51.3%. The rate of vehicles in the 500,001 TL - 600,000 TL range was 12.4%. The rate of vehicles between 600,001 – 700,000 TL was 10.7%, vehicles in the 700,001 - 800,000 TL range was 8.2%, vehicles between 800,001 - 1,000,000 TL was 8.6%, and the listing rate for vehicles of 1,000,000 TL and above was recorded as 8.8%.

News Source: 12punto