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Prices in Baku’s car market up in July

Business Materials 10 August 2018 14:39 (UTC +04:00)

Baku, Azerbaijan, Aug. 10

By Anvar Mammadov – Trend:

The average car price was 27,575 manats in Baku’s car market in July 2018, director general of MBA Group consulting company, expert Nusrat Ibrahimov, told Trend Aug. 10.

“The average car price in the market increased by 1.81 percent in July compared to the previous month,” he said.

Ibrahimov stressed that in July 2018, 1,880 cars were put up for sale in Baku’s car market.

"The portfolio of offers in the car market increased by 38.75 percent in July compared to the previous month,” he said. “Most of cars put up for sale - 86.33 percent - accounted for gasoline engine cars. The average price of such cars was 27,322 manats, increasing by 1.64 percent.”

“Moreover, 13.67 percent of the offers accounted for diesel engine cars,” he said. “The average price of such cars was 29,172 manats, increasing by 3.03 percent. The share of cars with automatic gearbox was 71.22 percent with an average cost of 34,419 manats.”

The expert said the average mileage of cars in the market in July 2018 was 182,840 kilometers with a 4.03-percent growth.

(1.7 manats = $1 on Aug. 10)

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