7% Drop in Baku Automobile Market in August

Business Materials 18 September 2008 17:43 (UTC +04:00)

Azerbaijan, Baku, 18 September / Trend corr. U.Ismayilova /The Participants of real estate market public organization reported 6.7% drop in the automobile market in Baku in August.

Drop in supplies took place due to the recent developments in Georgia and temporary interruption in the Poti port.

The average cost for automobiles comprised $21,000 in August. Drop in prices had been observed for the Russian made automobiles (2%).

The automobiles exposition term was prolonged to 59 days, which resulted in increase of risks and recession in liquidity.

Some 5,6000 automobiles were supplied into the second automobile market in Baku in August.

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