Used Car Prices in June: Annual Increase at 15.4%

Used car prices in Turkey saw a modest increase of 0.74% in June compared to May, according to the VavaAI Price Index compiled by VavaCars. This brings the total price increase for the first six months of 2026 to 5%.

However, the data reveals that the rise in used car prices has lagged behind key macroeconomic indicators. While used car prices rose by 5% in the first half of the year, Turkey's inflation stood at 17.7% during the same period. The Turkish Lira also depreciated against major currencies, with the US dollar gaining 8.7% and the Euro rising by 5.6% against the TL in the first six months.

Looking at the annual trend, the used car price index increased by 15.4% in the 12 months from June 2025 to June 2026. During this same period, general inflation reached 32.1%, while the dollar appreciated by 17.2% and the Euro by 14% against the Turkish Lira. Geopolitical developments in global markets and restricted access to financing have made consumers more selective in both the new and used car markets.

The fact that price increases have stayed below inflation and currency depreciation suggests a controlled market trend rather than sharp fluctuations. VavaCars Commercial Group President Serdıl Gözelekli commented on the data, noting the limited price movement in June. He stated that the growth rates falling behind monthly inflation and currency rates in the first half of the year indicate that pricing balance is being maintained in the used car market.

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The growth rates falling behind monthly inflation and currency rates in the first half of the year indicate that pricing balance is being maintained in the used car market.