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Reviving observed in Azerbaijan car market

24 May 2011 08:38 (UTC +04:00)

According to PU, the growth tendency of supply on old cars has stopped since beginning of the year, share of imported cars in supply portfolio was observed with decrease.

Number of persons applying to sale centres and closed deals increased in April. THE supply increased by 10.4% during the month. The supply still exceeds the demand, as the result of sharply increase of supply. No serious changes were observed in the prices. Average price rose 0.3% to $ 15,115.

The activity in the market caused the decrease of exposition period. The exposition period slid 4.2% to 51 days.

24.5% of 10,400+ cars were supplied to the market in April. Other 75.5% is previous cars. This was related to decrease of purchasing power and sharply decline of demand along with decrease of import.

The supply on Mercedes-Benz rose 1.8 percentage points in secondary market. This modelâ€™s share in total portfolio makes 30.3%. In general, the supply on all 9 models increased during the month. Most of supply growth was observed on Russian cars (25.7%). Decrease on supply was observed in BMW cars (15.8%).

Totally, share of 9 models on supply made 86.2%, other 13.8% was distributed among the 80+ car models of 20+ companies.

Serious changes happened in yearly partition of cars presented to secondary market. Compared to previous month, growth was recorded in proposal portfolio of April. The growth is observed especially on account of new cars.

Partition on years	March	April	%
1990-1991	313	326	4.2
1992-1993	450	478	6.2
1994-1995	675	726	7.6
1996-1997	1102	1205	9.3
1998-1999	1340	1451	8.3
2000-2001	1413	1523	7.8
2002-2003	1085	1180	8.8
2004-2005	956	1079	12.9
2006-2007	876	978	11.6
2008-2009	742	869	17.1
2010-2011	486	589	21.2

Experts think that though old cars have big share in the market, soon the predominance will be belonged to cars produced since 2003.

Note that, investigations of monitoring group covered 1990-2011.