Speaking to the Anatolia news agency on Thursday in İstanbul, Temel said the Turkish secondhand market had not sustained great losses during the global financial crisis last year. “Some tax incentives introduced by the government during the last year helped minimize the recession in the secondhand auto market.” The company manager noted that the market had suffered a 7 percent contraction in sales over the previous year.
He said the market would experience a relatively smaller reduction in sales in 2010 as compared to 2009. “We are expecting a 5 percent decline in sales in the market this year over 2009,” he said. The company manager underlined that an increase in secondhand vehicle sales mainly depends on an anticipated boost in new auto sales. He recalled that car distributors did not expect a huge recuperation in 2010. Temel asserted, however, that the amount of stagnation in the market this year would not be devastating.
Temel said his company sold some 7,000 secondhand autos in 2009. As regards targets for 2011, he said they could increase sales to over 20,000.
