Automotive players in Turkey expect up to 8m used car sales in 2020 as a pre-pandemic shortage of new vehicles is exacerbated by supply chain disruptions attributed to the virus. Some 2.1m cars and light commercial vehicles were sold in the first quarter of the year, putting the market on a path to surpass the record 7.6m units sold in 2019. With many residents of major Turkish cities moving away from public transport in favour of private cars, second-hand vehicle prices increased by nearly 10% between mid-April and mid-May. Meanwhile, a July survey by classified advertisements website OLX Indonesia found that 54% of respondents in South-east Asia’s largest economy were considering buying a used vehicle over a new one. Elsewhere, pre-owned vehicle sales fell by 38% year-on-year (y-o-y) in April as lockdowns were imposed across the US, but efforts to reopen the economy in June saw sales of used […]