Regression Analysis of Used Car Demand Price: The Case of TR83 Region

The automotive market, which consists of new and used vehicles, has an important place in the economy. There are many factors that affect the price in used car market. In this study, factors affecting the demand price of automobile have been revealed. The study covers urban centers located in the TR83 region. The data was obtained from companies that sold used vehicles during February-April 2015 period. Semi-logarithmic regression model was used in the study. The fact that the car brand is Mercedes is the most important factor that increases the price, while the fact that the brand is Hyundai is the most important factor that reduces the price