Bank Of Baku

Liquidity ratio at Azerbaijan’s car market falls to lowest limit in last 3 years

Liquidity ratio at Azerbaijan’s car market falls to lowest limit in last 3 years
# 24 September 2010 11:20 (UTC +04:00)
According to Property Market Participants Public Union («PMP» PU) deepening of passive tendency during the last 4 months influenced prices and dynamics of closed deals negatively.

The supply rose 19.6% on the old cars account at the Azerbaijan’s car market: “The applying persons to the sales center decreased compared with a month ago. This influenced the decreasing of number of closed deals by 1.4%. The average prices at the market slipped 1.1% to $ 14 985.”

The passivity also caused to increasing of cars’ space of time. State’s several decisions and increasing of space of time caused to decrease the interests in cars and this increased the risk. Liquidity ratio decreased to the lo9west limit in the last 3 years.
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