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Stagnation persists on Azeri secondary auto market

Stagnation persists on Azeri secondary auto market

29 June 2009 15:26 (UTC +04:00)

Baku. Rashad Suleymanov - APA-Economics. There was a 1.5% rise in supply and a 3.4% increase in demand on Azerbaijanâ€™s secondary car market in May, said the Property Market Participants.

According to the survey, auto sales dropped by 2.3% in May on month-on-moth basis.

The average price remained unchanged at $16 240 while exposure time rose by 1 days to 90 days on the secondary car market.

Only 35% of 6 300 vehicles surveyed were newcomers on the market in May.

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