Supply in Baku's car market reduces by 4 percent in March

Azerbaijan , Baku, April 27 / Trend A. Akhundov /

The supply in the automobile market of Baku in March reduced by 4.1 percent, "Property Market Participants" public organization said.

According to the information, despite the sharp decline in supply, there is still a tendency of exceeding supply over real demand in the car market .

The increase in the dynamics of concluding the purchase-sale deals. B ut it did not affect the prices, because the prices have not changed in March compared to February . They remained at $ 15,071.

The passivity of the car market in March also affected the property exposure term. It reduced by 11 percent uo to 54 days . It leads to an increase in the risk of the market.

T he organization has monitored the secondary car market . It monitored more than 9,050 vehicles, of which only 31.6 percent were represented in the market in March and 68.4 percent remained from the previous month . It is connected with the reduction in imports, the purchasing ability and a sharp drop in demand. Over the l ast three months, the mass flow of old cars to the market declined significantly . It stopped the sharp rise in the supply .