Used good

Prices in the secondhand car market had dropped for almost seven straight months, but started to pick up again in February, according to representatives of the industry.

Used car prices plunged nearly 25 percent since June last year for nearly seven months in a row but the rate of decline slowed in January. However, they increased last month, industry insiders said.

Sales of secondhand cars have been declining as more brand-new cars have become available in the market and due to the combination of other factors.

In the last three years, the prices of secondhand vehicles had been on the rise, but this stopped in July after the Trade Ministry imposed some restrictions on the sales of secondhand cars.

Secondhand car sales have been slowing since the Trade Ministry announced a raft of measures targeting the market a month ago, but prices are not coming down.

Some traders in Istanbul say they did not sell a single secondhand vehicle in August because consumers have put car buying on hold, waiting to see if the prices will decline.

Renault was the top-selling brand in Türkiye's secondhand market last year, according to data from Quick Finans SmartIQ.

In 2022, a total of 3.35 million vehicles changed hands, of which 542,000 were Renault brand cars. Volkswagen came second at 457,000, followed by Fiat at 321,000.

Second-hand car dealers expect their prices to rise significantly due to a lack of imports, BNR reported. The main resons are the Covid crisis and the restrictions on the operation of various businesses.

With the ongoing COVID-19 pandemic that has brought the world to a halt, consumer behavior has changed massively over the last year, where people are now more inclined toward buying online from the comfort of their homes while the craze for secondhand items, especially furniture, antiques, and accessories, increasing substantially due to affordable price range.

Secondhand objects, from used furniture to toys, go for knockdown prices at auctions in Istanbul's trendy neighborhood Balat, a historic neighbourhood on the shores of the Golden Horn estuary. Click through for the AFP story...

Bulgaria will be able to export "second hand" clothes to Third World countries if the textile waste collection system in our country develops. This was made clear by the words of Sirma Zheleva, a waste treatment expert in a second hand textile and clothes processing company.

Community Connect Athens meets on Wednesday, March 15, from 10.30 a.m. to 12.30 p.m. at the Swedish Center in Plaka. Besides coffee, cake and conversation, participants can also stock up on used books, DVDs and CDs, as well as purchase quality secondhand garments, homemade preserves and handmade greetings cards. Proceeds benefit the Anglican Church and the charities it supports.