Mileage trap in second-hand vehicles: New shock every 16 thousand

The loss of value in the second-hand vehicle market due to the increase in mileage was analyzed in detail. As the mileage of the vehicles increases, the loss of value accelerates and critical thresholds are among the most important factors that determine the price decrease. Gasoline vehicles in particular lose more value than electric and hybrid vehicles.

Mileage Increase and Price Decrease in Second Hand Vehicles

While a vehicle starts to lose value from the moment it is first used, the biggest decreases occur at certain mileage intervals. An analysis conducted by a London-based vehicle sales platform revealed the effect of increasing mileage on the value of the vehicle. The loss of value that starts at 16,000 kilometers reaches 64 percent at 96,000 kilometers.

Critical Thresholds per Kilometer

How the vehicle value changes based on mileage was examined in detail. Here are the important mileage thresholds and the value losses experienced:

16,000 kilometers: The first major depreciation occurs. The vehicle value drops by 22 percent.

32,000 kilometers: Depreciation accelerates, reaching 24 percent.

48,000 kilometers: The depreciation in vehicle value continues and reaches an average of 38 percent.

96,000 kilometers: Record drop in vehicle value! Total loss of value reaches 64 percent.

Over 100,000 kilometers: The price drop deepens as the mileage increases. When going from 160,000 km to 177,000 km, there is an additional 19 percent loss in value.

For example, the value of a vehicle that goes from 160,000 kilometers to 177,000 kilometers decreases by approximately 40,000 TL.

Gasoline or Electric: Which One Depreciates Less?

There are big differences between petrol, hybrid and electric vehicles in second-hand vehicles. The analysis showed that petrol vehicles lose more value than electric and hybrid vehicles.

Gasoline vehicles lose 38 percent of their value in 48,000 kilometers.

Electric vehicles: While they lose an average of 26 percent in value over the same mileage,

Hybrids: Depreciate the least, depreciating by only 11 percent.

This data shows that electric and hybrid vehicles are more durable on the second-hand market and lose less value in the long run.

Things to Consider When Buying a Second Hand Vehicle

✔ Before purchasing a vehicle, the mileage history should be carefully examined.

✔ Attention should be paid to the 16,000, 48,000 and 96,000 kilometer thresholds and price decreases should be taken into account.

✔ Since gasoline vehicles are more prone to depreciation, hybrid or electric alternatives should be considered in the long term.

✔ The vehicle's maintenance history and engine condition should be questioned in detail.