Azerbaijan, Baku, Jan. 15/ Trend U. Ismaylova/ In December prices were cut by 7% by November on secondary motor market. Price cutting took place due to financial crisis as the result of which cars fell in price on Baku motor market since September, "Property Market Participants" public organization said on Jan. 15.
"Prices on initial Baku motor market were reduced by 10% in December," the organization said.
More than 6,600 cars were offered to initial Baku motor market in December. Thus, 39% of this number was offered in December, the rest remained on the market from previous months.
Prices were reduced by 3.8% on secondary Baku motor market but by 10% on initial market. Thus, 6,500 cars were offered on Baku motor market, 41% of this number was offered in November, the rest 59% remained from previous months.
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