Business

Car prices dropped in December for the first time

According to sahibinden.com’s Vehicle Index report, the advertisement prices for cars for sale, which increased every month during 2020 compared to the previous month, dropped close to 1% for the first time in December 2020.

Although the supply was reduced with the slowdown in vehicle production with the increasing need for isolated travel with the new type of coronavirus (Covid-19) epidemic and low-interest loans offered by public banks, the demand for cars increased. In December, the trend of the change in the market to increase vehicle prices was replaced by a decline for the first time.

Most advertised car was Volkswagen Passat

According to the report, most automobile advertisements were made in December. Car ads were followed by minivan-panelvan, land/SUV-pick-up, commercial vehicles, and motorcycle ads.

The leaders of the last 5 months in automobile advertisements and brand-model rankings did not change, and Volkswagen Passat was followed by Renault Clio, Opel Astra, Renault Megane, and Ford Focus. The most advertised land/SUV-pick-up brand was again Nissan.

According to the data, most advertisements were made for cars with white, black, gray, silver-gray, and red colors, diesel fuel type, and model year 2015. Among all advertisements, 37% of the vehicles were in the range of 0-100 thousand kilometers. 24.8% of automobile advertisements were offered for sale in the range of ₺50 thousand-₺100 thousand. This was determined as the highest share of total advertisements.

Most advertisements were viewed at night

The people who looked at the ads on sahibinden.com were mostly interested in Volkswagen, Renault, BMW, Mercedes Benz, and Opel cars in December. While the vehicles were examined at most between 22:00 – 23:00, the average viewing time of the advertisements was 10 minutes and 2 seconds.

Bugatti Chiron with ₺50 million, Lamborghini Aventador Roadster with ₺14.5 million and Mercedes Maybach with ₺29.5 million were the top 3 most viewed car ads in December.

Source: AA / Translated by Bazaar Times Team

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