Baku, Azerbaijan, May 27
By Matanat Nasibova – Trend:
No significant price reduction is expected in the car market of Baku this June, Director General of MBA Group consulting company and real estate expert Nusrat Ibrahimov told Trend.
According to the expert, this indicator will range between 1 and 2 percent.
"A rise in prices in the car market of Azerbaijan has been observed since the beginning of the year. This figure made up 10-12 percent and remained as such throughout January-April of the current year. During the reporting period, the average price on the car market of Baku increased by 13.2 percent and amounted to 48,100 manats," Ibrahimov stated.
According to the expert, there has been a slight decrease in prices in the car market since early May.
"I believe that this trend will continue until the end of June. At the same time, the decline in prices will range between 1 and 2 percent. A slight decline in car prices will continue in the coming months of the summer season," Ibrahimov added.
The expert noted that, as of today, the average price of cars with an engine capacity of up to 2 liters stands at 20,500 manats, with the average price of cars with an engine capacity of 2 to 3 liters standing at 40,300 manats, and at 82,200 manats for cars with an engine capacity of over 3 liters.