The auto industry, which was overshadowed by the pandemic chip crisis, went through a critical turn last year. According to data from the Association of Automotive Dealers, the rise in second-hand prices in the sector, where 737,350 units were sold with a decline of 4.6 percent in 2021, destabilized the market. According to data from the Federation of Motor Vehicle Dealers (MASFED), although the second-hand car market closed in 2021 at a level of 6 million 15 thousand vehicles with a contraction of 7%, follow a bumpy course. BRSA regulations on the use of car loans this week are expected to bring activity to the second-hand market, which began the year slowly.
Affirming that the chip crisis and rising currency prices during the pandemic have shaken the balance between supply and demand in the second-hand car market and the weight of heavily damaged vehicles remains on the market , Experix expert Emre Öztürk made the following assessment on the subject: Despite this, sales rose 78.4 percent to a record high of 814,000. While sales fell 24.8 percent in December with the expectation of lower SCT and lower interest rates on loans, there was a drop of up to 15 percent in prices. . Although the decline in demand continued in 2022, the weight of heavily damaged vehicles in the market made the TSE-certified appraisal service even more critical.
“CAN A BRAND CHANGE BE MADE?”
Emre Öztürk made the following assessment of the new updates made by the BRSA in the conditions of use of the vehicle loan:
“The long-awaited update will eliminate market uncertainty and increase sales in the used car market. We have been waiting for regulations to reduce interest rates on car loans for a long time. are considered reasonable by the market, the long waiting period raises the question of whether a radical change can be made.
1 IN 4 VEHICLES IS STRONGLY SCALLOPED
Stating that the increase in second-hand prices has led to the entry of loaded vehicles into the market, Öztürk said: “Even vehicles with scrap vehicle status were exhausted for a period of time. These 1-year-old models, which have suffered serious damage as a result of a major accident, are offered for sale as if they were without an accident.These vehicles are refurbished using different parts, re-examined and marketed as free of accident. During the period we are in, one of the 4 vehicles arriving at our dealerships is registered as severely damaged.Increasing the weight of scrap metal and heavily damaged vehicles increases the need for certified experts.
INDICATOR THAT THE FOLLOWING PARTS ARE ACCIDENTAL
Emre Öztürk, who said that expert companies with deep experience and great technological power are of great importance, especially in the detection of severely damaged vehicles that are shown without accidents, said: “Insurance companies can ignore the serious damage to vehicles, addressing the issue with a profit-oriented approach, however, explosions of airbags and parts added later are an indication that vehicles are severely damaged. As an Experix, we were considered worthy of the best company of expertise in 2021. We offer a reliable service with our high technological power.With our 26 years of experience and the most up-to-date software technology, we offer our TSE certified service to all corners of Turkey “.