Baku, Azerbaijan, May 16
By Anvar Mammadov - Trend:
The average price in the car market of Baku was 27,106 manats in April 2018, Nusret Ibrahimov, director general of the MBA Group consulting company and real estate expert, told Trend on May 16.
He said the average price in the car market grew by 19 percent compared to the previous month.
In April 2018, 1,572 cars were put up for sale in the automobile market of Baku, he added.
"The portfolio of offers in the car market decreased 22.5 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 26,394 manats. Diesel cars made up 11.8 percent of the proposals; the average price of such cars was 32,409 manats. The share of cars with automatic transmission was 67.6 percent, with an average cost of 35,453 manats. The share of cars with a manual transmission was 32.4 percent, with an average price of 9,725 manats.”
Ibrahimov said the average mileage of cars in the market in April 2018 was almost 181,780 kilometers, with a decrease by 3.2 percent over the month. The average age of cars was 11.3 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 8.5 percent, from 5 to 10 years – 6.7 percent and from 10 to 15 years - 4.9 percent,” Ibrahimov said.
(1.7 manats = 1 USD on May 16)
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