Online second-hand vehicle platform VavaCars announced the March 2024 results of the VavaAI Price Index developed with artificial intelligence.
According to the price index published by VavaCars by analyzing publicly available data, the sales price of second-hand vehicles increased by 2024 percent in March 2.1. Among the segments, the highest increase occurred in A segment vehicles. B, C and D segment vehicles also continued to rise steadily.
THE INCREASE WAS EFFECTIVE ON NEW VEHICLES
Evaluating the index results, VavaCars Retail Group President Serdıl Gözelekli said, “With the increase in new vehicles, the tendency towards second-hand vehicles has increased. This situation was effective in increasing the demand for second-hand vehicles and increasing prices. We expect the second-hand vehicle market to further increase its vitality in the coming period. Especially changes in exchange rates and the effect of monthly inflation will naturally cause an increase in vehicle prices. This situation will also increase the demand for online second-hand vehicle platforms. At this point, providing quality, safe and convenient service will play a major role in competition. "In this process, we launched VavaBot, which we created with the ChatGPT 3.5 infrastructure, to provide convenience to our customers in their vehicle purchasing journeys," he said.
