The Turkey used car industry is growing, owing to increase in price of new cars and government initiatives: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Focus on Embracing Digitization, New Government Policies and Entry of Online portals in the market are major factors contributing towards the development of Used Car Market in Turkey. COVID Affecting Market Growth: Due to the impact of COVID-19, there has been a substantial decrease in the denominator (new car sales) while the numerator, i.e. the pre-owned car market, has been relatively stable In 2020, the market became very distorted that used car prices became comparable with the cost of brand-new vehicles. Supply and stock problems coupled with high prices are pushing customers towards the used car market. Government regulations: Turkey is affected by a number of short-term restrictions and measures being implemented by the government. As a result of these measures, there has been a decrease in sales volume, but still well positioned relative to most European countries when compared to other countries. To Know More on this report, Download free Sample Report Increasing demand for Used & New Cars in Turkey: Due to its perfect location and easy transportation opportunities, global automotive giants benefit from Turkey and they make huge investments to expand production in Turkey. Fifteen companies operate in the automotive main industry in Turkey and ten with their branches operate in different cities. The automotive industry is one of the largest industrial sectors in Turkey and is the hub for several European and Japanese manufacturers that invested in production facilities to cover the domestic demand while exporting in Europe, the Levant, and North Africa. Business Model: Turkey is a production base for Ford’s Transit van line sold outside North America, Russia and China and is also home to export-focused Toyota (Corolla) and Hyundai plants. A well-established local supplier network ensures high local content. France, Turkey’s second main market in the automotive sector, topped the list of countries in the country’s car exports. Analysts at Ken Research in their latest publication “Turkey Used Car Market Outlook to 2026F – Driven By Increase in New Car Prices, Government Initiatives and Surge in Online Used Car Platforms” by Ken Research observed that Used Car Market in Turkey is at a rebounding stage from the economic crisis after pandemic. The rising government policies and demand for used car industry, increase in disposable income along with rising online platforms for used cars is expected to contribute to the market growth over the forecast period. The market is expected to grow at 11.8% CAGR during 2021-2026F owing to increase in prices of new cars, rise in demand for used cars and government initiatives. Key Segments Covered in the report Turkey Used Car Market By Type of Market Structure Organized Channel Unorganized Channel OEM Certified Franchise Dealers Multi Brand Dealers DDSA C2C Transaction Local Dealership Auction Companies By Type Of Car Sedan Hatchback SUV Van Crossover Others By Brand Volkswagen Renault Ford Fiat Opel Hyundai Others By Age of Vehicle 0-2 years 2-4 years 4-6 years 6-8 years 8-10 years More than 10 years By Kms Driven 0-40,000 41,000-80,000 81,000-1,00,000 1,00,000-1,40,000 1,20,000-1,80,000 By Region Istanbul Bursa Adana Ankara Others Key Target Audience Used Car Dealers Used Car Equipment Manufacturers and Distributors Auto Portals Online Dealers Car Showrooms Unauthorized Dealers Market Research and Consulting Firms Automotive Companies Car manufacturing Companies Tourism Agencies Government Bodies & Regulating Authorities Time Period Captured in the Report: Historical Period: 2016-2021 Base Period: 2021 Forecast Period: 2021-2026F Companies Covered: Leading companies Borusan Araç Autorola Turkey com com com com com Major OEMs Toyota Ford Motors Volkswagen Fiat Isuzu Mercedes BMW Opel Honda Peugeot Renault Key Topics Covered in the Report Turkey Automotive Market Overview Turkey Used Car Market Overview and Genesis Ecosystem of Turkey Used car Market Overview and Genesis of Turkey Used Car Market Step- by-Step Sales Process of Used Car in Turkey Value Chain Analysis of Turkey Used Car Market Sourcing of Used Cars for Dealers and Lead generation in Turkey Used Car Market Turkey Used Car Market Sizing, 2016-2021 Customer Profile of Used Car Market in Turkey Customer Pain points in Used Car industry Decision Making Parameters for Customers before Selecting a Used Car Key Factors and Price Determinants Influencing Used Car Purchasing Decision Findings on Consumer Analysis of Turkey Used Car Market Snapshot on Online Classified Used Car Platforms in Turkey Cross Comparison of Major Used Car Auction Players Turkey Used Car Industry Analysis SWOT Analysis of Turkey Used Car Market Trends and Recent Development’s in Turkey Used Car Market Issues and Challenges in Turkey Used Car Market Buying and Selling Process of Used Car in Turkey Government Initiatives to Regulate Turkey Used Car Market Cross Comparison of Major Players in Turkey Used Car Market Covid-19 Impact on Turkey Used Car Market Outlook and Future Projections for Turkey Used Car Market Market Opportunity and Analyst Recommendations Competition Framework for Turkey Used Car Market Market Share of Used Car providers in Turkey Used Car Market Future Outlook of Turkey Used Car Market, 2021-2026F Market Opportunity and Analyst Recommendations Research Methodology For more insights on the market intelligence, refer to the link below: – Turkey Used Car Market Related Reports By Ken Research: Saudi Arabia Used Car Market Outlook to 2026F SEA Used Car Market Outlook to 2026F Australia Used Car Market Outlook to 2026F Tags: Adana Used Car Market, Ankara Used Car 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