Application of Quantile Regression of Used Vehicle Purchasers in Turkey

The automotive sector is one of the leading industries in Turkey, and therefore worthy of examination, both in terms of its size and its economic impact. The Turkish automotive sector can be divided into the sale of new vehicles and their resale as used vehicles. It is notable that the used vehicle market in Turkey is economically more significant, hence the current study’s focus is on Turkey’s used vehicle market. According to the study’s findings, which aims to analyze the used vehicle market in the context of consumer demographics through ordinary least squares and quantile regression method and data obtained from the Turkish Statistics Institution (TURKSTAT), meaningful segments related to demographic characteristics such as income and education level were reached.