BAKU, Azerbaijan, October 9
By Tamilla Mammadova – Trend:
Demand for imported cars in Georgia has decreased, Trend reports via Georgian media.
As reported, the reason is the sharp depreciation of the lari against the USD and the unpredictable economic situation caused by COVID-19.
Part of the private dealers suspends operating due to the increased price of cars and reduced consumer demand.
Prices for auto parts, including branded or non-branded stores, are increased by 20 percent. The employees of the sector note, that it has another impact on reduced consumer demand.
“I have been importing cars for years, but after the pandemic, the situation changed and I stopped the auto import business. The reason is the depreciation of the lari and consumers’ reduced demand. However, demand is declined for auto oils, as the cost of this product also increased by 20 percent. Price for all types of branded oil increased and amount to 20-22 lari ($6.24-$6.86) per liter instead of 15 lari ($4.68)”, Kote Bochorishvili, a private dealer said.
According to the dealers, in the wake of lari depreciation, prices are increased for all types of imported products day by day. The list of these products also includes used cars, which are mainly imported from Japan, Germany, and the United States.
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