Baku, Azerbaijan, April 10
By Anvar Mammadov - Trend:
The average price in the car market of Baku was 22,778 manats in March 2018, Nusret Ibrahimov, director general of the MBA Group consulting company and real estate expert, told Trend on April 10.
He said the average price in the car market grew 2.57 percent in March compared to the previous month.
In March 2018, 2,029 cars were put up for sale in the automobile market of Baku, he added.
"The portfolio of offers in the car market decreased 6.2 percent compared to the previous month,” he said. “The majority of cars offered for sale - 88.2 percent are cars with gasoline engine. The average price of cars of this category was 22,263 manats. Diesel cars made up 11.8 percent of the proposals; the average price of such cars was 26,617 manats. The share of cars with automatic transmission was 66.5 percent, with an average cost of 29,569 manats. The share of cars with a manual transmission was 33.5 percent, with an average price of 9,273 manats.”
Ibrahimov said the average mileage of cars in the market in March 2018 was almost 187,560 kilometers, with a decrease by 2.7 percent over the month. The average age of cars was 13.1 years, he added.
The expert added that the average annual wear of cars offered in the market was 5.07 percent.
“At the same time, the average annual wear of cars under five years of age was 8.3 percent, from 5 to 10 years – 6.7 percent,” Ibrahimov said.
(1.7 manats = 1 USD on April 10)