Is the reason for the second hand car prices not falling to the desired level because of the disruptions in the production of new cars? Why are new cars not produced? The high demand for second-hand vehicles due to the pandemic and the stopping of vehicle production for a while due to the measures taken increased vehicle prices.
Businessperson Basri Tokgöz, who closely follows the vehicle market, made explanations about the reasons why the prices of second-hand vehicles did not decrease to the desired level. Tokgöz said, “Due to the setbacks in the automotive industry due to the pandemic, there were disruptions in the production of zero cars. Considering that the problems in chip production, which are effective in this, have not been overcome yet; It is seen that there will be a shortage of supply in the production of new cars for a long time.” said.
Evaluating the year 2020, Basri Tokgöz said, “Due to the pandemic, the high demand for second-hand vehicles and the stopping of vehicle production for a while due to the measures taken increased vehicle prices. Car buyers should be careful about this. Because market prices are not in their normal course and may decrease.”
“Production is interrupted due to chip supply problem”
Basri Tokgöz “2. There is a problem of chip supply in hand-held vehicles. Automotive factories stop their production due to lack of chips. This situation causes insufficient number of vehicles to be produced and vehicle prices to increase in the future. Precautions should be taken regarding chips with global supply problems. Global automotive manufacturers have attempted to solve this problem, but it is obvious that these initiatives will not solve the chip problem in a short time.
Stating that the demand for 2nd hand vehicles has increased, businessman Basri Tokgöz said, “Due to the arrival of the summer months and the two holidays ahead, the demand for second-hand vehicles has increased. Still, citizens should be careful about vehicle prices. The price of the vehicle to be purchased should be well researched and the vehicle should not be purchased without an appraisal.