Bank Of Baku

Hyundai sees 25% year-on-year drop in sales, Azerbaijan

Hyundai sees 25% year-on-year drop in sales, Azerbaijan
# 25 December 2009 16:57 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Hyundai Motors has posted a 25.2% drop in sales in Azerbaijan, said Rustam Mammadov, marketing officer of Hyundai Auto Azerbaijan, the official local distributor of Hyundai.

“Given that we sold 256 cars in 2003, the record number of 6 685 cars were sold in 2008. We expected about 5 000 car sales this year,” he added.

In his words, Hyundai Auto Azerbaijan’s share in the market has reached 14.2% this year, compared to 1.7% in 2003.

“This share is 22.8% without Russian-made cars,” he noted.


Established in 1995, Hyundai Auto Azerbaijan operates 9 sales and service centers across the country now.
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