Second-hand vehicles cannot be marketed above the list price of new vehicles.

Second-hand vehicles will not be able to be marketed above the list price of new vehicles until the end of the year Second-hand vehicles will not be able to be marketed through advertisements at a price above the current sales price recommended by the manufacturer or distributor until January 1, 2024. The Ministry of Trade has made new regulations regarding second-hand vehicle trade. The "Regulation on the Amendment of the Regulation on the Trade of Second-Hand Motor Land Vehicles" was published in the Official Gazette. With a temporary article added to the regulation, the marketing of second-hand motor land vehicles through advertisements at a price above the current sales price recommended by the manufacturer or distributor will be considered second-hand motor land vehicle trade for the purposes of the application of this article. The marketing of second-hand motor land vehicles through advertisements at a price above the current sales price recommended by the manufacturer or distributor will not be able to be done until January 1, 2024. Real or legal persons who mediate the posting of advertisements for the sale of second-hand motor vehicles shall be obliged to warn those who enter advertisements contrary to the second paragraph before the advertisement is published and to forward all information regarding advertisements contrary to the said paragraph and the advertisers to the Ministry in accordance with the requests of the Ministry. The warning obligation shall include the information on the current sales price of the vehicle recommended by the manufacturer or distributor to the advertiser and that the advertisement price to be entered will be contrary to this Regulation. The Ministry shall be authorized to determine the class, brand, type, kind, model year of second-hand motor vehicles in accordance with the second paragraph and the maximum amount and/or rate that can be added to the current sales price recommended by the manufacturer or distributor in case accessories and/or equipment are added. The amendment to the Regulation shall be valid as of July 15, 2023.