My sister just dropped some wild news that's got everyone buzzing. The zero-kilometer car market has shrunk by 25%, and now brands are scrambling for opportunities. Renault just made a bizarre move: they started selling the Egea for almost 360,000 TL cheaper than the Duster! 🤯 So when you're checking out the used car market, do you wonder if they're selling out of necessity? Or are there real opportunities here? I was scrolling through yesterday's listings, and my head was spinning...
They say the cheapest new cars are around 1 million TL, but what about used ones? What do you think? In this situation, is buying a used car a smart move, or should we be worried that prices might drop even more? Share your thoughts, folks—I'm genuinely curious.
The market crashed, brands are under attack! Did we just get a second-hand opportunity now?
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Wow, I had the opposite experience last month. My son was waiting for a zero-kilometer Toyota, but the price of the car increased by around 300-400k TL in just 3-4 months. Then suddenly, news broke that the zero-kilometer market collapsed, and second-hand prices skyrocketed. I bought a 2018 model C-HR from a friend near the apartment I was considering; it was around 450k TL, and I got it for 420k TL after bargaining. From that moment on, the market got even crazier.
According to what you said, Renault selling the Egea 360k TL cheaper than the Duster is really confusing. Usually, such moves by brands aim to reduce stocks, but there could also be urgent situations like stock surpluses or demand collapses, similar to the pandemic period. As for me, I’d at least wait 1-2 years in the second-hand market; prices might hit rock bottom at some point. But with these moves by the brands, it’s unclear what the market will do next—it’s really something to watch.
So what happens if prices keep dropping—does the value of used cars depreciate at the same rate? Is Renault pricing the Egea this way because of excess inventory or a brand strategy? If it’s excess inventory, could similar-priced used models flood the market in the short term?
I think the real issue here is this: Do price wars on new cars create a domino effect in the used market? Right now, we’re seeing discounts on new cars priced at 1 million, but what about used cars in the 500–600k range—will their values drop in line with that trend? Or will prices in the used market stay stable thanks to the currency anchor? It’s important to track this because if used car values fall in parallel, then even if we think we’re getting a deal, we might actually be gaining nothing.