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Second-hand Market Bustle Before the Holiday: Will Car Prices Rise?

The previously stagnant second-hand car market has started to pick up. Sales are beginning to revive before the holiday. Industry officials also noted that the rising euro is affecting prices. The holiday bustle in the second-hand car market has begun. Car prices have been rising below inflation for a long time. According to industry officials, the biggest reason for this is the high credit interest rates… Demand in the second-hand vehicle market has been low for about 1.5 years. There is now a revival before the holiday in the market. Industry officials noted that there is an increase in activity in second-hand vehicles due to the holiday and the subsequent vacation period. WILL CAR PRICES RISE? As deposit interest rates decrease in parallel with interest rate cuts. Both the decrease in interest rates and the increase in tax deductions have reduced the inclination towards deposits. At the same time, the increase in the euro exchange rate has raised concerns about price increases. Officials who point out that second-hand prices are determined by new vehicle prices stated that the 6% movement in the euro exchange rate in one month has been reflected in prices.

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