The Regulation Amending the Regulation on Second Hand Motor Vehicle Trade
The Regulation Amending the Regulation on Second Hand Motor Vehicle Trade (Regulation) is published in the Official Gazette dated 06.07.2023 and numbered 32240. The Regulation will enter into force on 15.07.2023. Significant amendments introduced by the Regulation are as follows:
- Second-hand motor vehicles shall not be marketed through advertisements at a price above the current sales price recommended by the manufacturer or distributor until the end of 2023.
- Real or legal persons who provide intermediary services for placing second-hand motor vehicles advertisements are obliged to warn those who place advertisements in violation of this provision before the advertisement is published, and to forward the published advertisements and information on the advertisers to the Ministry of Trade.
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